IslamQA

Investing in shares

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Please advise on the permissibility of investing in the following Shares:

1. BHP Billiton Plc: An international resources company

2. Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company.

3. Anglo American PLC is a global mining company.

4. Sasol is an integrated oil and gas company.

5. Aspen Pharmacare Holdings Limited

6. AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally

7. Impala Platinum Holdings Limited, or Implats, is the holding company for a group of companies which operate platinum mines

8.Growthpoint Properties Limited is a real estate company in South Africa. The Company owns a portfolio of commercial, retail and industrial (mostly warehouses) properties in South Africa and Australia

9. Mondi Plc is is an integrated paper and packaging group.

10. South32 a globally diversified metals and mining company

Bismillaah

A: We are not acquainted with the details of these companies. Hence, we cannot comment.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, 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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