Q: Is it haraam to invest money in the share market?
A: The principle of Shariah with regard to shares is that, if the company’s main business is halaal, then it will be permissible for one to invest in such a company. However, if the company’s main business is haraam, then purchasing shares in such a company will be impermissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)