Investing in shares

Answered according to Hanafi Fiqh by

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)

This answer was collected from, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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