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Selling a share in a company at a higher price

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: If I buy a share in a shariah compliant company for $1 and after one month the share price rises to $100 and I sell it to earn a profit. Will this be halaal?

Bismillaah

A: Yes.

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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