Is it permissible to perform Hajj with money gained through selling shares of a company?
Question
I STARTED WORKING IN A MNC COMPANY ( DOING WATER TREATMENT PROJECTS) FOR THE PAST 12 YEARS, OUR COMPANY WHEN IT HAS GROWN WELL AND THE SAME COMPANY IS TAKEN OVER BY THE INDIAN MANAGEMENT . DUE TO THIS REASON OUR MANAGEMENT ISSUED SHARES(ESOP) TO ALL THE OLD STAFF, DURING THE YEAR 2006.
THOSE SHARES WE ARE SUPPOSE TO PAY ARROUND RS 200 /SHARE TO THE COMPANY . NOW IT HAS GON UP BY RS 650 . LAST WEEK I BUY THOSE SHARE FROM MY COMPANY FOR RS200. THROUG SOME FINANCING /FUNDING AGENCY.
( I HAVE NOT INVESTED MY OWN MONY I GOT LOAN FOR THE BASIC PRICE OF SHARE FROM SOME FUNDING COMPANY)AND EACH SHARE I SELL IT IN MARKET FOR RS 650 LIKE THIS AFTER DEDUCTING ALL MY LOAN VALUES AND TAXES I MAY GET ARROUND RS 300,000 .
NOW MY QUESTION IS. IS IT PERMISSIBLE TO GO / PERFORM HAJ IN THIS MONY ( AFTER SELLING MY ALLOTED SHARES IN THE MARKET).
THANKS
AKRAM SHARIFF
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
It is permissible to use the money gained through selling these shares[1] to perform Hajj[2].
And Allah Ta’āla Knows Best
Bilal Mohammad
Student Darul Iftaa
New Jersey, USA
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net
References (Arabic / Urdu sources)
[1] Fatawa Mahmudiyyah, vol. 23, pg. 510-511
[2] إنَّهُ فُرِضَ عَلَى كُلِّ حُرٍّ بَالِغٍ عَاقِلٍ صَحِيحٍ إذَا قَدَرَ عَلَى الزَّادِ وَالرَّاحِلَةِ فَاضِلًا عَنْ الْمَسْكَنِ وَمَا لَا بُدَّ مِنْهُ، وَعَنْ نَفَقَةِ عِيَالِهِ إلَى حِينِ عَوْدِهِ وَكَانَ الطَّرِيقُ آمِنًا (العناية شرح الهداية، ج ٢، ص ٥، دار الكتب العلمية)
- Answered by
- Bilal Mohammad
- Checked & approved by
- Mufti Ebrahim Desai
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