When navigating the complex world of finance, every Muslim wants to ensure they’re choosing the Halal over the Haram. This piece shines a light on the Islamic perspective on investing in shares and stocks, guiding believers to make sure their investments align with their faith.
– Stocks can be a good investment option, but it’s crucial for us to check that the company doesn’t engage in any Haram activities.
– If a company is deeply involved in clear Haram practices, like dealing with pigs, tobacco, or alcohol, then investing in their stocks goes against Islamic teachings.
– Before investing, every Muslim should do their homework. This means researching and making sure the company follows Halal practices.
In today’s world, some businesses have a mix of both Halal and Haram dealings. In these tricky situations, respected scholars give clear advice: To stay on the safe side and make sure our investments are pure, it’s best to think that the company’s Haram activities are more significant than their Halal ones. By following this approach, we protect ourselves from unknowingly getting involved in something not allowed.
Well-known Islamic figures and groups, including مجمع الفقه الاسلامي (Majma’ al-Fiqh al-Islami), Shaykh Qaradawi, Ibn Uthaymin, and لجنه الدائمه (the Permanent Committee), all agree on this viewpoint. Their insights give us helpful guidance, especially since older scholars like Ibn Katheer, Abu Bakr, or Imam Malik didn’t discuss modern finance topics like stocks.
In short, it’s all about being careful, especially when things aren’t clear. By making sure our investments are 100% Halal, we show our commitment to our faith.
For more details on this topic, check out the “Al-Fatwa with Sheikh” program, in Episode 81. You’ll find the main discussion starting at the 20:00 mark. You can watch the episode directly here: https://fb.watch/mGCd49E-9e/?mibextid=Nif5oz
Compiled by Ammaar Orewole
