Share market company me kaam karna
Q: Share market company me kaam karna halal he ya haram he?
shares
Chacha dada ki zameen par qabza lena
Q: Mere dada ki zameen thi kuch saal pehle unhone kisiko free mai istemal karne ko di thi kyuki wo garib tha baad mai mere dada ne usse wo zamin mangi to usne mana kar dia jiske baad dada ne uspe court case kar dia.
Dada ki himmat jab tutne lagi to case to dada ne case ka zimmedar mere chacha ko bana dia. Dada ke inteqal ke baad mere chacha apne sab bhai behno se dhoke se no objection paper pe signature karwa liye jisse ki agar mere chacha case jit jate to sari zamin chacha ki hoti. Case chalta raha or us zamin ki kuch jagah par mere chacha ka kabza hai baki zamin pe uska kabza hai jo dusri party case ladh rahi hai.
Ab dusri party case jit gai hai or mere chacha or us dusri party ke bich samjhota ho raha hai ki is zamin pe building banegi or kuch hissa mere chacha or kuch dusri party legi. Is fesle pe mere chacha ki behne satisfied hai.. Mera sawal ye hai ki kya qayamat ke din or is dunya mai bhi mere walid ka hissa hai ya nahi?
Showhar biwi ku mana karna apne hisse lene se
Q: Mere walid apni jaydaad me mera hissa dena chahte hain. lekin mere shohar mujhe lene se mana karte hain. kyun ki dono me thoda an ban hai. main lena chahti hoon kyun ki mere shohar ke sar par bahut qarz hai aur hamare pass apna bilkul kuch bhi nahi aur bachchi bi baligh hai main kludge keep liye kuch nahi chahti shohar ke pareshaniyan baantna chahti hoon. kya agar maine mera hissa liya to gunehgar ho jaaongi? ya qarz ke rehte Allah na kare mere shohar ku kuch bi hua to wo gunehgar honge?
Unit trust shares
Q: My father passed away one year back. He had made an investment in unit trust of India. Now he has nominated me for that investment. What shall I do?
Gaai me paanch hissa karna
Q: Aqeeqah k main kitnay hissay keye ja saktay hain? Mene ek gaen (cow) main 2 larkon or 1 larki ka aqeeqah karna hay. Logon se suna hay gaen (cow) main 7 hissay krain 5 aap k bachon kay 1 hissa ghareebon ka 1 hissa Allah naam ka aisy 7 hissay hongay. Kya ye saheeh hay?
Maximum amount of shares for qurbaani in a cow
Q: My question is that to whom we should perform qurbani in the case of a cow and how many shares. Is it necessary to take everyone's name?
Is five shares in a cow permissible?
Q: How many minimum shares can a cow have? Can we give five shares in a cow ?
Trading on the Indian Share Market
Q: I am trading in Indian share market. When I purchase a share it comes into my demat account (SHARE HOLDING ACCOUNT) after 3 days. Whereas when I sell the share it goes off from my demat account after 1 day. I know that it is forbidden to sell which is not in your possession. I have few questions in my mind.
1) As per the Indian stock market system I can purchase and sell at any time. But as per many Muslim scholars we should sell only when it comes into our possession. So I sell the shares after 3 days only though if I suffer losses. If I see losses then can I sell the shares before 3 days?
2) When the share are in my possession after 3 days then sometimes I want to sell it first and the buy it later on the same day. Is it a short sell? I want to clarify the mechanism for this scenario. I have 20 shares of xyz company in my account. I have sold it at higher amount and bought it at lesser amount on the same day. That means it should be deducted from my demat account and then again should be added to my account. As explained in point 1 it should take 3+1 day to complete the cycle. But this does not happen technically. Technically the shares remain my demat account. My question is- Is it permissible to do so? Or If I want to rebuy the shares then should I but it next day so that it goes from my demat account and then again comes into my account?
Investing in shares on the stockmarket
Q: I have been investing in shares for the past two years and I have earned a good amount of profit so far. When investing, I avoid buying shares in companies such as banks, insurance companies, companies manufacturing and selling liquor, etc. I only invest in companies of which the main business is halaal. However, when I look at the financial statements of the companies, I find that these companies do have interest dealings and some other haraam elements in their operation. Will it be permissible for me to invest in these companies? Also, will the profits earned through the investment be halaal?
Investing in shares
Q: I have been investing in shares since the past two years and i've earned good amounts of profit so far. I have been investing keeping in mind these points most contemporary scholars including Mufti Taqi Usmani have agreed upon which are:
1) The main business of the company must be lawful (halal). Therefore, to purchase shares of a company whose main business is unlawful, such as interest bearing banks, insurance companies, companies manufacturing and selling liquor, etc would not be permitted.
2) Many companies, despite their main business being Halal may be involved in interest dealings in one way or another. Due to this, the following is necessary:
a) One should object to the interest dealings, preferably in the annual AGM. By doing so, the responsibility will be deemed fulfilled.
b) When the dividend is distributed, the proportion of the company’s income which was gained by interest dealings must be given in charity without the intention of receiving reward, as is the case with unlawful money in general. This amount (of interest accumulation) may be known by means of the income statement.
3) The company, whose shares one intends to purchase, must have some illiquid assets in its possession. They must not all be in liquid form (i.e. cash, cheques, bonds, etc…). If all of the company’s assets are in liquid form, then the share cannot be sold or purchased except at face value.
One point among these which I haven't paid much heed to or couldn't pay heed to is:
a) One should object to the interest dealings, preferably in the annual AGM. By doing so, the responsibility will be deemed fulfilled.
This is because I live in Saudi Arabia and trade shares online in the Indian Stock Markets, which means the companies i invest in are based in India while
I am a resident of Saudi and visit India for only a month or two annually. I usually sell a company's shares within a period of 5 months. When I am in India, I won't necessarily get to attend an AGM of the companies I am invested in during that period. Even if I might, they might be in different cities.
So far, I have sold stocks of around 7 companies making a profit in 6 of them and a loss in one of them. Currently, I am invested in just one company's shares.
Will my responsibility be deemed fulfilled if I send an email to the 7 companies whose shares I've already sold off objecting their dealings in interest? Or should I give away ally my profits earned through the sale of these 6 among 7 company's shares I've already sold in charity without expecting a reward in return.
Also, how am I to deal with the current company I'm invested in, in regard to objecting their interest dealings provided the fact that I might not be able to attend their AGM?