Trading shares and stocks : buying shares in a company containing un-Islamic things

السؤال

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, I have two questions-1. Accrding to majority of scholars, a person cannot buy shares in a company, whose main business though is Halal but it also deals in some un-Islamic things like Riba. But some scholars say that it is allowed to buy shares of that company if some conditions are met, like, the company's earnings from the interest are not more then 5 % of the net earnings of the company, its debts should be less then 1 / 3 of its assets and so on. Now my question is how the scholars calculated these percentages ? Scholars differ in these percentages and perhaps differ in the conditions too. Is there any quotes from Quran or Hadeeth to support these conditions ? Please state them if there are any. 2. If I buy shares in these companies with the intention of selling them before getting any dividend, so then also I have to consider those conditions set by the scholars or can I buy shares of any company, irrespective of its interest earnings and debt-assets ratio (as long as the main business of the company is Halal) ? Remember that I am only considering the shares as goods purchased from the market and selling them for profit, and not taking dividend. Jazakum Allahu Khairan for your constant help

جواب الفتوى

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تاريخ النشر

2006-04-13

التخصصات الرئيسية

العلوم الاقتصادية والمالية وإدارة الأعمال
الدراسات الإسلامية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-790487

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