Buying share, stocks and mutual funds : investment in stocks and Zakah on stocks

Fatawa Question

Dear Sister Razan : As Salamu Alaikum, You have several questions, they are, as I understand them, as follows : 1-Is it permissible to invest in stocks within the Dow Jones Islamic market, and / or FTSE Islamic index listing ? And if the listing is not updated soon enough, is it still permissible ? 2-Are dividends of companies in these indices Halal ? And if the rise in price of the stock affected by dividends (and I add or by any Shari'ah un-remitted action by the management such as borrowing for interest, etc.), is the gain from price rise permissible ? 3-What is the Zakah on stocks and how is it calculated, whether I keep the stock for a short period or a long period ?

Fatwa

Click hereto view more

Publication Date

2000-10-25

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Islamic economics
• Investments
• Stocks
• Alms tax

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726829

• APA
• MLA
• AMA