Transactions & Dealings >> Shares & Investments
Question ID: 1517Country: India
Answer ID: 1517Posted on: Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 615/611=N)
It is allowed to invest in such mutual funds which invest the money of shareholders in companies which deal only in halal items and which have already started their business i.e. they are established and their asset is not only liquid.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India
regarding share trading i learnt that trading shares of those companies which do not indulge in unlawful business like wine company etc is permissible. But even if we invest in companies which do not have these haram products or services, like real estate, IT, power companies, they are involved in interest based financing for their projects and ventures. Investing in them will mean partnership in a company that's financed by haram means. Please, guide whether such investments are halal.
3946 views