How to determine the unlawful percentage received from dividends ?
Fatawa Question
I would like to know with regards to investing in stocks and shares more specifically on purification of the income received as a result of an investment in a company that is Sharia compliant according to your screening criteria outlined in the article on ‘investing in stocks and shares’ http://alqalam.org.uk/research-papers/investment-in-stocks-and-shares/. The question I would like to ask is, how do you find out what percentage of a company’s income has come from non-Sharia compliant sources i. e. what specifically do look at on the balance sheet, meaning the western companies will not say that x amount of income is from interest for example, so what do you look for, where and what figures do you use, from the balance sheet or elsewhere, to calculate the percentage that you need give to Sadaqah ?
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2016-03-31
Country of Publication
United Kingdom
Main Subjects
Financial and Accounting Sciences
Religion
Law
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726280
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2016-03-31. How to determine the unlawful percentage received from dividends ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726280
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). How to determine the unlawful percentage received from dividends ?. Manchester England : al-Qalam Shariah Scholar Panel. 2016-03-31.
https://search.emarefa.net/detail/BIM-726280
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2016-03-31. How to determine the unlawful percentage received from dividends ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726280
