Investments and shares

Investing in the stock market

Q: Is it halal to invest in Stock market like buying permissible shares like Petrol, gas, pharmaceuticals, cement etc. Since we are not the owner of the company how can we know how the owner has started that business? He may have brought some loan from the bank to start his business and later he may be introduced shares. In this case, how can we buy even halal shares and also, even if we are investing our halal amount to that share, there are million other investor who also invest their earnings (both haram and halal) in the same stock like mine. In this case, my amount is mingled with their amount and my profit is not halal. Correct me if I am wrong. Considering all this, can we say Stock as a whole is haram since we are not sure about all the investors.

Investing in shares

Q: I have just graduated from metric and I intend investing my money in shares. Please inform me as to which investment companies (oasis, old mutual, al-baraka etc) I can purchase unit trusts from, which are halaal and suitable?

Keeping one's money in a profit and loss account

Q: I wanted to ask you about the profit and loss account. As the person suffers a loss when the bank incurs a loss and gets a profit when the bank gets a profit, so is the profit and loss account halal or haram? If it is haram then can you advise me of an easy way to spend my money? I have some money saved up and would like to invest it somewhere that I would have small chances of a loss.

Dealing in shares

Q: Is stock business halaal? If I avoid items like bank, insurance, financial institution and so on? Again, When a new stock item comes into market it offers many people to apply for that and among them some people are allotted with that item primarily. It is done by a random selection. After that they return the money of others. After a limited time this primary stock comes into the regular stock market. Is this halaal or haraam in Islam? Can I apply for that primary stock item?