I have gone through the previous fatwas of Dar-ul-Ifta about the investment in stock market. I have come to know now that I have to invest in which type of companies. But my question is related to my previous investments. I have already invested in some on the companies which are not fulfilling sharia complaince criteria. I obviously have to get rid of such companies and I have to sell the shares of such companies. But will the profit I will get will be haram? As i didnt knew before this criteria of sharia compliance. Some of the companies in which I have invested I am getting profit and in some loss at this time but profit is more than loss. Please advise about such profit. Regards, Rana Khawar
Answer
(Fatwa: 1322/1322=M/1430)
If the companies you invested in are not Shariah-compliant, you should get rid of the same. The percentage of profits gained from interest and non-Shariah ways should be given in charity to the poor. As far as income gained through lawful ways and your capital is lawful and halal for you.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband