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Regarding share trading i learnt that trading shares of those companies which do not indulge in unlawful business like wine company etc is permissible. But even if we invest in companies which do not have these haram products or services, like real estate, IT, power companies, they are involved in interest based financing for their projects and ventures. Investing in them will mean partnership in a company that’s financed by haram means. Please, guide whether such investments are halal.

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
regarding share trading i learnt that trading shares of those companies which do not indulge in unlawful business like wine company etc is permissible. But even if we invest in companies which do not have these haram products or services, like real estate, IT, power companies, they are involved in interest based financing for their projects and ventures. Investing in them will mean partnership in a company that’s financed by haram means. Please, guide whether such investments are halal.

Answer

(Fatwa: 278/D=50/K=1431)

 

 

If the company includes financed money (based on interest) in business, if the financed money was included partially as per need, it should be opposed in annual meetings and should get his objection recorded. If the profit includes some interest, the portion of interest should be given in charity. But, if most part of the company is based on finance, or it was financed without necessity, then one should avoid having partnership in such a company.

 

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

 

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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