Question
I would like to know if it is haraam to buy shares in a company?
Answer
With the fllowing conditions it will be permitted: 1, The company is not engaged in an unlawful trade such as producing wine or cigarettes etc. 2, One ensures that it is a real company with real assets, and not a company that has most its assets in the form of money. 3, If there is an element of interest in any profit one has gained in a financial year (ascertained by looking at the company accounts for that year), one purify one's money by giving that much in charity (the poor).




