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Working for a company which sells alchohol

Shaykh Ebrahim DesaiRead

Pension for teachers

Shaykh Ebrahim DesaiRead

A question on Affiliate Marketing

Shaykh Ebrahim DesaiRead

Permissibility of composting

Shaykh Arshad Ali, Shaykh Ebrahim DesaiRead

Selling shares of a company which is involved in interest

Shaykh Ebrahim DesaiRead

Monthly Accrued Bonus Plan

Shaykh Ebrahim DesaiRead

Forced Charity

Shaykh Siraj DesaiRead

Renting a Minaret out

Askmufti.co.zaRead

Selling Drugs

Askmufti.co.zaRead

  I bought shares in a listed company over a period of 7 years.  The shares were bought at various prices; some were at a higher price than the current share price, and some were bought at a lower price than the current share price. Some were bought with my own money, and some were bought with money borrowed on a 0% credit card. I recently discovered that the company is haram because it has no earnings, except from interest, and has large debt on which it pays interest. I understand that I must sell the shares, and any profit made has to be donated to charity. I need some advice on how to go about selling the shares, as the total value of my holding is less than what I paid/invested. Some shares are in profit, the majority are in a loss.  There are a few options available: 1)      Wait until the total value of the shares is equal to the  money I invested, and sell. This means that some share will be in profit,  and some will be at loss, but the profit cancels out the loss. 2)      Sell shares as each lot/tranche of shares reaches the price that I paid for them. Donate any excess to charity. This means that it may take  a long time to dispose of the shares, as the price will have to at least double. In fact, the price may never reach what I paid. Do I need to treat the shares purchased by borrowing money on credit card separately to the shares purchased using my own money. How should I deal with transaction costs? If it cost me £12 to buy 10 000 shares at 10p, and it costs me £12 to sell the shares, I have lost £24. 

Shaykh Ebrahim DesaiRead

Is Zakat based on assets or income and is Zakat due if the combined value of gold and silver reaches nisab?

Shaykh Ebrahim DesaiRead

Is Zakat due on shares in a housing scheme, RSP’s, RRSP’s, and stocks?

Shaykh Ebrahim DesaiRead

Do I need to cater for my family expenditures?

Shaykh Ebrahim DesaiRead

Hunting and fishing in Ramadan.

Shaykh Arshad Ali, Shaykh Ebrahim DesaiRead

Sources of funds/income for a bank

Shaykh Ebrahim DesaiRead

Is it permissible to provide Short Term Consultancy services to the World Bank Group?

Shaykh Ebrahim Desai, Shaykh Ismail DesaiRead

10% voluntary contribution in Islam?

Shaykh Ebrahim DesaiRead

Is my income Halaal working for an Islamic institution which promotes liberal Islam?

Shaykh Ebrahim DesaiRead

Please advise whether I can do contractual work, for retail supermarkets such as Pick and Pay, Checkers, etc.

Shaykh Ebrahim DesaiRead

Mandatory company pension plan.

Shaykh Ebrahim DesaiRead