Q: I am an active stock investor, My question is that I invested in a company which was halal almost 2 years ago but as of now, it’s interest bearing debt is 71.2% and before it was halal because it’s interest bearing debt was less than 30% of it’s market capital. I use a stock screener which showed it was halal.
So, what should I do in this case as it was halal at the time of investing; Should I sell it with profit because it was halal at that time? Should I sell it with no profit? or keep the stock in my portfolio until it becomes halal again?
And Allah Ta’ala (الله تعالى) knows best.
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.