Published 2 days ago
Last updated 2 days ago
Q: Please advise if investing in shares in publicly listed companies which sell the following is permissible or not:
1. A Distribution/Retail business whose main business is pertaining to selling foods, cosmetics, appliances, bakery, butchery (haraam meat also sold) sells alcohol also.
2. A mining, telecommunications or property holding companies that has conventional bank loans and fixed deposits that earn interest?
A: As far as the stock market is concerned, then on account of the many discrepancies and inconsistencies with the laws of Shariah, we do not approve of dealing in the stock market.
And Allah Ta'ala (الله تعالى) knows best.
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