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Stock Purification

Answered as per Hanafi Fiqh by ShariahBoard.org

Asalamu Alaykum,

I have invested in a stock for which the main business of the company is Halal and the company exists in physical form. This specific stockk does not pay out a dividend. One of the conditions for Halal investing is to donate the percentage of the profit to charity without the intention of reward. When should this be done – suppose I keep this stock for 10 years before selling. Do I make this donation at the time of selling 10 years later based on the interest percentage in the annual report that will come out 10 years later?

Jazak Allah

بسم اللہ الرحمن الرحیم

الجواب وباللہ التوفیق

Whenever you get a return on investment, you should give it in charity, whether it is after one year or after ten years.

فقط واللہ اعلم بالصواب

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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