Investing in the stock market
Question
Investing on stock market halal or haram?
Answer
In regard to investing in companies on the stock market, it should be borne in mind that many of the listed companies dealings are not consistent with the Shar'ee requirements in many aspects. Hence, it is not advisable for one to invest and purchase shares in them. However, if the main business of the company one has invested in is halaal, the profits will be ruled as halaal. Nevertheless, one should study the balance sheet and wherever one comes across wealth earned through impermissible avenues, one should give the proportionate amount of one's share of the impermissible wealth in charity without the intention of receiving any reward.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/22931
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-22931
People also ask
Is trading in shares halaal?
“The Darul Iftaa has written a detailed answer regarding investing in shares. If the company in question fulfills the conditions laid out in the answer below, then it will be permissible to invest in the company.”
Ask Imaam · 73 fatawa from 4 Darul Iftas on this
What the Darul Iftas say