Is it permissible to become shareholders of companies by investing money through the national stock exchange ?
Seeking your valuable suggestion and fatwa please.
May Allah bless you with complete & lasting peace as well as profound success of here & hereafter.
Rumman Hussain Chowdhury
Seeking your valuable suggestion and fatwa please.
May Allah bless you with complete & lasting peace as well as profound success of here & hereafter.
Rumman Hussain Chowdhury
Answer:
Ref. No. 1078/41-267
In the name of Allah the most Gracious the most Merciful
The answer to your question is as follows:
It is permissible to hold shares of the companies that do Halal business. So before investment you have to make inquiries about their products and production methods.
And Allah knows best
Darul Ifta
Darul Uloom Waqf Deoband