Investments and shares

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? 

Investing in shares

Q: Mufti Saheb what is the ruling with regards to investing, buying shares eg telkom, mtn etc?

Is it the same as investing in the stock market? Then due to these companies been involved in interest it was not advisable to buy shares previously. So in that case what has changed? Also is it allowed to invest and get good returns, when you physically have not worked for the final amount? I ask this because if this wealth is used for Haj, will that Haj be accepted?