IslamQA

Investing in companies

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is investing money in different companies like Coca Cola, Nestle, etc. for profit and loss permissible?

Bismillaah

A: There are contradictory views among the ulama with regards to trading on the stock exchange and in listed companies. Precaution requires that you avoid this.

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.

Find more answers indexed from: Muftionline.co.za
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