IslamQA

Investing in shares

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is it halal to invest money in the share market because almost all companies have a debt and/or they invest their money in to debt on which they earn/pay interest. Though the company’s base dealing is in halaal.

Bismillaah

A: It is permissible for one to invest in any company on condition that the company’s main business is halaal. If one is aware of the company dealing in something against Shariah, then it is better for one to give out a certain percentage of the profits one receives in charity.

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 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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