majority

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What is the Islamic View on the Gospel of Barnabas?

Seekersguidance.orgRead

Is it Permissible to Name Children with Names of Angels?

Shaykh Faraz RabbaniRead

The Maliki View on Praying Eid and Janaza Prayers in a Masjid in a Non-Maliki Community

Shaykh Rami NsourRead

Is it permissible to take, frame, or hang up pictures of live people?

Shaykh Ebrahim DesaiRead

Does the exposure of one’s ankles whilst wearing leather socks nullify your wudhu?

Shaykh Ebrahim DesaiRead

When does the distance of safar begin?

Shaykh Ebrahim DesaiRead

Marrying a Christian woman.

Shaykh Ebrahim DesaiRead

Trouble finding suitable spouse

Shaykh Ebrahim DesaiRead

My job entails live streaming sports events and transcoding for videos on demand. Is it permissible?

Shaykh Ebrahim DesaiRead

Staying in the camps outside of the boundary of Mina extended into Muzdalifah.

Shaykh Ebrahim DesaiRead

Praying behind Salafis who wipe over normal socks. Having thoughts of kufr.

Shaykh Ebrahim DesaiRead

Encouraging children to read the Quran in English or Arabic?

Shaykh Ebrahim DesaiRead

Jumu’ah before Zawal

Shaykh Ebrahim DesaiRead

Is it permissible to study courses by Dr Farhat Hashmi? How to make up years of Qadha Salaah?

Shaykh Ebrahim DesaiRead

Selling shares of a company which is involved in interest

Shaykh Ebrahim DesaiRead

Qaz’a

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Following Majority Mathab

Shaykh Yusuf LaherRead

Ulama and TV

Shaykh Siraj DesaiRead

Ruling on Vaginal Discharge

Shaykh Siraj DesaiRead

  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