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Is it permissible to become shareholders of companies by investing money through the national stock … of here & hereafter.

Answered according to Hanafi Fiqh by Darulifta Deoband Waqf
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

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

This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.

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