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Premuim bonds and shares

Answered according to Hanafi Fiqh by Muftisays.com
i want to know buying premium bonds or shares is allowed?

Answer
Assalamu’alaikum w.w.

Premium Bonds – Not permissible

Shares – Permissible to invest in companies who deal
primarily in Halaal products. This rules out companies
such as breweries, banks, insurance companies etc.

If in doubt about a specific company please refer to
your local Ulama/Mufti.

Wassalam

————————————–
(Mufti) Abdullah Patel
Halal Food Guide

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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