Fatwa: # 16204
Category: Business Matters
Country: United States
Date: 10th February 2008

Title

Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

Question

Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

It is our view that it is not permissible to invest in shares. Hereunder is our research on shares.

And Allah knows best

Wassalam

Mufti Ebrahim Desai

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