Mufti Muhammed Salih Al Kauzari in Transactions & Dealings 37 Fatwas

Is it permissible to invest in stock market in india.

Qu-Id: Q0326

Madhab: Shafii

Date: 01-01-1970

Question:

Is it permissible to invest in stock market if the corporate company deals with bank?

Answer:

بسم الله الرحمن الرحيم

الجواب وبالله التوفيق والنجاح

Permission to invest in share business is based on the mode of company that you are investing. If the company follow Islamic Principles & do not deal with interest, then it is Halal. If the company deals in haram businesses like investing in banks to receive interest, or the company didn’t following Islamic Principles in their sales & purchasing, then you cannot invest in such companies.

والله أعلم بالصواب

Written by: Mufti Muhammed Salih Al Kauzari

Checked & Approved by: Mufti Rajeeb Al Qasimi

Published by: Mufti Rajeeb Al Qasimi