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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Stock . Alcohol . Income . Investment

I have been looking to invest in an electronic vehicle stock but hesitant to do so as they sell alcohol as a gimmick. Is it allowed to invest in that stock as selling alcohol is not the company’s primary business nor their primary source of income?

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 2 months ago

Even if selling alcohol is not the main business of the company, but only a small part of the income, it will be unlawful (Haraam) to buy or sell the stocks of such company.

Wassalam.

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Stock . Investment

Is it allowed to trade online with stock market indices?

Dealing in stock market companies and indices is allowed as far as we avoid any company which deals with unlawful business.

Dealing online is same as dealing directly or through brokers.

Wassalam.

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Investment

Is it permissible to invest in a company that sells its software and technology to various companies from different sectors where some of them may have haram businesses?

If all the products of the company are usually suitable for lawful business but some persons can misuse it, then it is permissible to invest in it. But if any product is designed for unlawful business like manufacturing alcohol bottles or a software for gambling or usury or marketing alcohol, etc, then it becomes unlawful to invest in such company.

Wassalam.

116033

Father . Family . Investment

If I save from the pocket money that my father gives me and invest it, do my family members have any right on that invested money or its return?

If your father gives you the pocket money as a gift for you with out any condition, you can then spend it as you wish in lawful expenditure or save it or invest it. No one will have then right on that money or ask you to return it. If your father gives you pocket money for spending and not for saving or investing, then he has right to ask you to use it for your expenses only and return the amounts which were not used in your expenses.

Most of parents give their children pocket money with out condition.

Wassalam.

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Poor . Salah (Prayers) . Investment . Employment

I am not able to perform any Salat because I am poor and I invest my all time in my job. What should I do as I cannot manage both these responsibilities at the same time?

Mohammad Zakaria, Mohammad Zakaria is a senior lecturer at the Islamic College where he specialises in Research methodology and Islam's Education Philosophy and Teacher Training. His doctoral work focused on... Answered 1 year ago

Salaam

Being poor is not an excuse not to pray, in fact praying increases wealth, material and spiritual.

First, begin by performing your prayers, once that has been done. Other things, like seeing the ahlulbayt in dreams might be possible.

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Investment . Bank

Is permissible to invest in a company that offers financial solutions to non-Muslim banks by giving them a platform to build and manage their financial services?

Muslim is not allowed to support marketing unlawful business like alcohol, usury, etc.

Your investment should never promote any business which is against the orders of Allah (SWT).

Wassalam.

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Investment . Property

Is it permissible to own an investment property under Islamic law and derive rental income from it?

Yes it is permissible as far as the ownership is properly obtained. The rental income from such properly owned or even properly mortgaged will be then permissible as well.

Wassalam.

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Investment . Short Selling

Is it allowed to short sell commodities?

Short selling is permissible as far as it does not harm the livelihood of people to a considerable size.

Wassalam.

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Interest . Investment

If a company's core business is Halal but they have interest income reported in their financial statements, is it permissible to buy their shares in the absence of clarity whether that interest income is from bank or lease agreement or from other sources?

Yes you can buy shares of such company as far as their business activities are lawful according to Islam and you don't know that they take interest from Muslims in usury.

Wassalam.

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Investment

Is it allowed to buy shares of real estate companies?

Yes as far as the company is not indulged in Haraam business. Muslim is allowed to buy shares of any company which does not do Haraam business.

Wassalam.

110154

Investment

Is it allowed to invest in binary options?

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.