Buying share, stocks and mutual funds : trading stocks without knowing the financial statements of their companies

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh 1. I am an investor in the Egyptian stock market and I want to ask if it's permissible to invest in stocks where their financial results are unavailable also I do lack the technical experience to analyze these results properly from an Islamic point of view to exclude non-permissible stocks (e.g. high leverage and large amount of non Halal income) ? 2. I want to ask if I bought an amount of a certain stock for which I got dividends then I sold the stocks at a price less than the price of their purchase so that the net result was loss, do I still have to get rid of the percentage of money representing the non-Halal income of the company by giving them to the needy ? Jazaka Allah Khairan.

Fatwa

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Publication Date

2001-03-24

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Islamic economics
• Financial statements
• Investments
• Financial markets

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726843

• APA
• MLA
• AMA