Business & Finance · Subtopic
Investments, Shares & Crypto
683 fatawa from 9 South African Darul Iftas on Investments, Shares & Crypto, part of Business & Finance. Newest first; every fatwa links to the page where its Darul Ifta published it.
Subtopics are grouped from each Darul Ifta’s own categories and the fatwa titles, so the count is approximate.
By Darul Ifta
Investments, Shares & Crypto fatawa — page 17 of 18
- Ask Imaam30 May 2003
Can a muslim work in a Conventional Investment Company (Not a Bank)...If you look at the financial of any company, Interest Income (RIBA) is found almost every where,
I have been working in a pure Islamic Investment Company for the Past 9 years and thank Allah always for my earnings. I have recently been offered a…
Mufti Ebrahim Desai - Ask Imaam14 May 2003
Are Preferential shares allowed?
We are trying to raise funding for our company from non-banking sources. One option we have is to go to private investors who want to come in as…
Ml. Imraan Vawda - Ask Imaam11 Mar 2003
Shares obtained from banks...I cashed my free shares a while ago, however I am not sure whether this money is hallal or not, if not then what can I do with it?
Some time ago, a building society that I used to save money changed to a Bank. On doing so the bank gave its customers who had a certain amount of…
Mufti Ebrahim Desai - Ask Imaam3 Mar 2003
I hope the stock goes up so I can regain my money. But I havent taken out the interest in it. Can I throw the interest out by throwing away my spare money and keeping my stock money?
I have been doing investing with $2000.00 for about a year. I have made many transactions. My brother told me told me a small amount of interest…
Mufti Ebrahim Desai - Ask Imaam3 Mar 2003
we invested in ISA's, we found out the profit is haraam for us due to it being invested in wine etc. can we use this money for paying household bills? could we donate this money to non-muslims?
In principle, the profits accrued from a Haraam investment is also Haraam (strictly prohibited). The investor should terminate the investment and…
Mufti Ebrahim Desai - Ask Imaam6 Feb 2003
1) Investment Banking 2) Fasting in the month of Dhul Hijjah 3)Piercing Ears 4)Making up for missed fasts
1)Is Investment Banking halal, if there is said to be no interest involved? I am not very well versed with business matters in the light of Islam,…
Mufti Muhammad Kadwa - Ask Imaam6 Feb 2003
Is it permissible to become a stockbroker?
A broker is an agent middleman who, for a commission or fee, bargains or negotiates between his principle and a third party for the purchase or sale…
Mufti Ebrahim Desai - Ask Imaam30 Jan 2003
Meezan Bank Limited is promoting itself as a riba-free commercial bank in Pakistan. Can I invest my savings in its Mudaraba & Musharika accounts?
Meezan Bank Limited is promoting itself as a riba-free commercial bank in Pakistan. Can I invest my savings in its Mudaraba & Musharika accounts?…
Mufti Ebrahim Desai - Ask Imaam28 Jan 2003
I would like to do some sort of investment(s) where I can have extra money for my children when they are ready to go to college? What kind of investment(s) can a Muslim look into?
I would like to do some sort of investment(s) where I can have extra money for my children when they are ready to go to college? What kind of…
Mufti Ebrahim Desai - Ask Imaam1 Jan 2003
is share-trading on stock exchange allowed in Islam ?
A Muslim can acquire the shares of a joint stock company with the following conditions: 1. The main business of the company must be Halaal…
Mufti Ebrahim Desai - Ask Imaam30 Oct 2002
Is it permissible to invest in the Oasis Crescent Equity Fund
Are their funds Halaal and do they comply with Shariah? Would you advise that we invest with them?
Moulana Imraan Vawda - Ask Imaam4 Oct 2002
Is it permissible to buy share on the stock market?
I have asked, and found out that it is permissible to buy shares on the stock market. But however ity later dawned on me that most, if not all…
Mufti Ebrahim Desai - Ask Imaam17 Aug 2002
Is option (CALLS & PUTS) trading (http://www.cboe.com/LearnCenter/Basics.asp) Halal?This is and example of how to buy and sell CALLs.
A has 100 shares of XYZ stock with today?s (8/30/02) market price of $100 per share. A makes a transferable contract (CALL) with B to sell XYZ stock…
Moulana Imraan Vawda - Ask Imaam16 Aug 2002
what is the maximum rate of profit (if any) that one can charge while trading.
Like if i buy something for 100$. what is the maximum permissible amount (told by ISLAM) i can charge while selling that thing. should i charge the…
Mufti Ebrahim Desai - Ask Imaam2 Jul 2002
Can I accept an ADVANCE payment for an item, though I do NOT have the item in stock. But, I have the raw material to make it.
This is referred to as Istisnaa. You may accept payment in advance provided the customer knows exactly what you are going to manufacture for him and…
Mufti Muhammad Kadwa - Ask Imaam30 May 2002
LARIBA wants the amount the other shareholder owes towards the remaining shares/units". Question#1: Does such a transaction/contract constitute riba? Is this transaction permissible under Sharia?
A question related to #4086Respected Mufti Ebrahim Desai Saheb, As-Salam Alaikum! I have two related questions (#4086 in Business Matters) regarding…
Moulana Imraan Vawda - Ask Imaam28 May 2002
Is it permissible to invest in the Oasis Crescent Equity Fund?
We have had a direct meeting with the board of Oasis. As yet, we are not satisfied that these funds are Shari'ah compliant. The board members…
Moulana Imraan Vawda - Ask Imaam18 Nov 2001
Am I allowed to invest in defense stocks of ANY country?
E.g. companies in USA: Lockheed-Martin. General Dynamics. Northrop Grumman. L-3 Communications. Raytheon. Alliant Techsystems: One of the U.S.…
Mufti Ebrahim Desai - Ask Imaam4 Nov 2001
1. Is short sales of stocks is Halaal. 2. Is it permissible to goto a person's house and eat when one knows that the income is partially haram. 3. Is it allowed to do iftaar in the masjid.
1. Is it allowed to buy the shares when the values are low and then sell them in 2-3 weeks when they go up by 10-15% in order to make money? 2. I…
Mufti Ebrahim Desai - Ask Imaam22 Jun 2001
Can I invest in shares in the Stock market?
Dear Mufti Saheb, 1.can I invest in shares and debentures, if yes then which kind of shares are allowed and which are not? 2.Can I invest in the…
Mufti Ebrahim Desai - Ask Imaam28 May 2001
Salaams. Can i trade Forex? (ie) buying and selling currencies. The trading is during a period of a single day. Is it halaal to trade these currencies?
We are busy researching forex and are having discussions with their administration on the matter. and Allah Ta'ala Knows Best Mufti Ebrahim Desai…
Mufti Ebrahim Desai - Ask Imaam16 May 2001
Is investment in stock markets like NASDAQ etc,halal in Islam.
A Muslim can acquire the shares of a joint stock company with the following conditions: 1. The main business of the company must be Halaal…
Mufti Ebrahim Desai - Ask Imaam15 Apr 2001
Criteria for investing in halal business/stock
Alot of the stocks in DJ Islamic Market Index DJIM are technology stock like microsoft, oracle , and all these companies do business with companies…
Mufti Ebrahim Desai - Ask Imaam14 Apr 2001
Is it permissible to purchase shares in a company that derives some sort of income from interest?
Many or all listed companies today derive some sort of income from interest, ie from banks or other financial institutions which is then utilized as…
Mufti Ebrahim Desai - Ask Imaam18 Mar 2001
You have stated on your website that shares are permissible. But don't shares involve gambling and chance?
I have asked this question because you have said insurance is haram. A person may lose money or he may get back some money. It is basically the same…
Mufti Ebrahim Desai - Ask Imaam27 Jan 2001
Is investing in 401(K) even halaal?
Salaam Mufti Saahab. You recently addressed a question regarding paying zakat on 401(K) investments. Is investing in such plans even permissible,…
Mufti Ebrahim Desai - Ask Imaam20 Jan 2001
Can you please tell me where I can invest my money without coming close to riba or any kind of haram?
A list of Islamic banks in the US or overseas; if funds are acceptable; etc.
Mufti Ebrahim Desai - Ask Imaam22 Nov 2000
If one owns 40% of shares in a company, then how is Zakaat calculated on his share?
If the company is a trading investment then Zakaat is payable on the capital amount as well as the dividends. If the company is not a trading…
Mufti Ebrahim Desai - Ask Imaam17 Nov 2000
If a person wins money by gambling(millions) can he use that money? Can he use it to pay his debts or invest it in the bank and use the interest money to pay his debts?
Gambling is strictly prohibited (haraam). The income from gambling is also haraam. Was salaam Mufti Ebrahim Desai FATWA DEPT
Mufti Ebrahim Desai - Ask Imaam2 Nov 2000
A friend of mine holds shares in a israeli based company. Could you shed some light on weather this is allowed ?
The company is called GeoInteractive Media. at present the share price has been tumbling due to the conflict in the holy lands. due to this he is…
Mufti Ebrahim Desai - Ask Imaam15 Oct 2000
Is trading in stock options Haram or is it Halal like trading in the stocks themselves?
It is not permissible to deal in stock options. Was salaam Mufti E. Desai Fatwa Dept.
Mufti E. Desai - Ask Imaam13 Oct 2000
Can one invest in spots commodities investment that take advantage of price exchange?
In spot commodites investment, the investor does not deal with the physical goods but only deal with price?
Mufti Ebrahim Desai - Ask Imaam2 Oct 2000
If one receives money on retirement from Goverment and he is more than of 60 years, and dont have any member alive. Can such person invest money in saving schemes, which pay fix intrest.
Kindly consider the case where such person dont have any option to invest. No relatives are there and consider the present unavoiadeable environment.
Mufti Ebrahim Desai - Ask Imaam2 Oct 2000
What if somebody is involved in stock exchange, and doing short selling and long selling.
Respected Brother-in-Islam Assalaamu Alaykum Wa Rahmatullaahi Wa Barakaatuhu a) Joint Stock Exchange - ref below b) What do you mean by shortselling…
Mufti Ebrahim Desai - Ask Imaam19 Sep 2000
Money is borrowed for business investment. No fixed time for repayment is made. Payback an X amount per week for as long as capital sum not paid is the condition as profit. Is this allowed in Islam.
Amount borrowed R42000. Pay R500 per week as "PROFIT". Time when money to be paid back not set. Can Muslims enter into transactions like this? (R =…
Mufti Ebrahim Desai - Ask Imaam13 Sep 2000
When valuing shares in a property unit trust is it acceptable to revalue the properties and sell the shares at a higher price even though the profits have not being recognised?
The change in the economy has an effect on the value of properties, therefore, properties are revalued for purchase and sale purposes. And Allah…
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
I have shares in Old Mutual / Sanlam :1.Are these shares halaal or haraam? 2.If I sell them are the proceeds halaal or halaam?3.The dividends that I have received are they halaal or haraam?
The shares were acquired when the companies demutulized
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
I purchased 100 shares from a company that has dealings with breweries and Hustler. Is the money acquired from the sale of such shares Halaal?
The company has dealings in MediaPrinting, publishing Hustler and Scope magazines and also deals with SABreweries.
- Ask Imaam27 Aug 2000
One invests his money for a house (constrution) and gives it on rent. Is the rent recieved from this house halal.
If one owns a house, he may hire it to a tenant. The rent received from the tenant will be Halaal. and Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai - Ask Imaam27 Aug 2000
What is your opinion on Maulana Korolias bayan regarding Imam Mehdi appearing in 2003 plus his investigations and hadith that he has mentioned regarding the 2 eclipses?
Shari'ah did not mentioned any specific time regarding Imaam Mahdi's appearance. And Allah Ta'ala Knows Best Mufti Ebrahim Desai
Mufti Ebrahim Desai
Read-only index of fatawa already published by South African Darul Iftas, each linked to its original. Not a fatwa service — for your own situation, ask the issuing Darul Ifta.