Category: Business Matters
Fatwa#: 38439
Asked Country: South Africa

Answered Date: Aug 23,2017

Title: Why is investing in shares permissible?

Question

Assalaam Wa Alaikum

A few years ago a detailed explanation(Fatwa 18673) was given wrt the impermissibilty of shares. Recent fatawa have pointed towards permissibility. I really appreciated the detailed explanation given then wrt impermissibilty. I would appreciate it if an explanation how the change towards permissibility has come about.

 

Jazakallah

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

There are differences of opinions amongst competent and reliable Ulama and Muftis on the issue of shares. Academic differences are appreciated and tolerated. If one deals in shares, there is a leeway according to those Ulama who believe that dealing in shares is permissible.

And Allah Ta’āla Knows Best

Huzaifah Deedat

Student Darul Iftaa
Lusaka, Zambia 

Checked and Approved by,
Mufti Ebrahim Desai.

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