Is it permissible to invest in stock market in india.
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
Scholarly Verification & Certification
Written by
Mufti Muhammed Salih Al Kauzari
Checked & Approved by
Mufti Rajeeb Al Qasimi
