Investment

To invest is to allocate money in the expectation of some benefit in the future. In finance, the benefit from an investment is called a return. The return may consist of a gain (or loss) realised from the sale of property or an investment, unrealised capital appreciation (or depreciation), or investment income such as dividends, interest, rental income etc., or a combination of capital gain and income.

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Investment

Is it allowed to invest in binary options?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 3 days ago

Binary options is new way of investments which must be explained in details to the Marja' of Taqleed to seek the Islamic ruling on it. Please right more details about: What you buy? What you sell? How do you expect profit? What is the reason of loss if any beside the fall of the price?

Some people claim that binary options is like gambling. We can not accept their claim before having authentic evidence based on full details.

After we receive the full details, we will forward it to the Marj' of Taqleed iA.

Wassalam.

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Investment . Cryptocurrency

Is it allowed to invest in a company that invests in bitcoins and gives you a fixed profit?

1. Investing in crypto currencies is allowed according to many leading scholars.

2. Receiving fixed profit is not allowed because it is a type of usury. Your investment should get you a percentage from the profit, if any. Fixed amount of income is not allowed. It should be a fixed percentage from the real profit.

Wassalam.

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Interest . Investment . Stock . Loan

Is it allowed to invest in stocks of companies that are financed by interest-bearing loans even though the company produces Halal products?

If the company is dealing with Halal products only and the finances were taken from non Muslim banks or financial institutions, then it is allowed to invest in its stocks.

Wassalam.

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Food . Cigarettes . Investment

Can I buy shares of a company which sells food items and cigarettes but has been successfully reducing the cigarettes business?

The company must not sell pork nor alcohol. Cigarettes business is unlawful according to many scholars. You need to refer to your own Marje' of Taqleed in the matter of cigarettes and seek his verdict in it. Accordingly you will know whether it is permissible or not to invest in such company.

Wassalam.

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Interest . Loan . Western Society . Investment

As someone who lives in the West, can I buy shares of American companies that have debt and pay interest on their loan that is taken to finance or expand their business?

It is allowed to buy shares of any company which does not do Haraam business like alcohol, gambling, pork etc.

Company with whole allowed business but taking loans from the non Muslim banks, does not make the company Haraam.

Wassalam.

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Money . Investment . Cryptocurrency

Is it permissible to invest money in cryptocurrencies?

Yes it is permissible like any other business as far as it is real business and not gambling nor cheating in selling something which is not existing.

Wassalam.

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Stock . Investment

Is it allowed to trade options in the stock market?

Yes it is allowed as far as the company which issued the shares is dealing with fully lawful business.

'Wassalam.

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Halal . Investment

Is it allowed to invest in a company or a fund where the majority of the business is Halal but a portion of it is not?

We are not allowed to invest in any company dealing with unlawful activities no matter how much is the percentage of it. Muslim is allowed to invest when 100% of the business is lawful.

'Wassalam.

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Investment . Currency

Am I allowed to trade online in currencies such as USD and GBP? Is there somewhere I can read about the detailed Islamic laws around the topic of online trading?

Trading online is like face to face trading. It must be away from forbidden dealings like usury. Trading in currencies is allowed.

Wassalam.

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Investment

Is CFD trading allowed according to the ruling of Ayatollah Sistani?

If you mean by CFD trading the Forex trading, then the answer is: It is allowed if it deals with companies dealing with lawful activities only. It has the same rules of stock exchange dealings which are permissible if the shares are from companies dealing with lawful activities only.

Wassalam.

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Gold . Investment

Can I trade online in gold bullion where there is no physical delivery involved?

According to our leading Maraaji' of Taqleed , it is allowed to trade online in gold, oil, and other stock exchange companies as far as the company does not do unlawful business like alcohol or usury etc. Buying and selling online is allowed.

Wassalam.

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Australia . Government . Investment

As a Shia living in Australia I was wondering if buying Australian Government Bonds are permitted as an investment?

Buying government Bonds is permissible for investment if you are sure that the money or any part of it will not be invested in unlawful projects like weapons, alcohol,gambling, usury,etc.

Wassalam.