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Semiconductor shares

Answered according to Hanafi Fiqh by Askimam.org

Since I joined a German semiconductor company, they granted me a number of share options. I did not payed the options price. The rules of the company are:

When i sell the options i will get only the diffrence between sell and grant price.

When the sell price is lower than grant price i will not pay anything.

I have to sell the opttions qithing 6 years from grant date else I will loose them.

Now the options price are high, is the money I make Halal?

If not am I allwed to spend it on someone surgery?

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Your questions are unclear. According to our understanding, your company has given you share options to sell. If you make a profit, you will be entitled to the profit. Confirm our understanding and also explain in detail what shares were given to you to sell, what the other options are and how your company works.

You may forward your clarification to [email protected].

And Allah Ta’āla Knows Best

Ismail Dawoodjee

Student Darul Iftaa
Zambia

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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