Is it considered allowed to engage in short selling, which effectively makes a company's share price go lower, if the company in question sells Haram products?
Is it considered allowed to engage in short selling, which effectively makes a company's share price go lower, if the company in question sells Haram products?
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 years ago
If the products and income of a company is Haraam, it will be not allowed to invest any money in buying its shares no matter whether for short selling or long investment.
Wassalam.