Trading on the stock markets : what is Haram and Halal investment

Fatawa Question

Assalamu Alaykum Wa Rahmatullahi Wa Barakatuh, Thank you so much for the help you provide on this website. I am a new Canadian convert to Islam. I want to invest a large amount of money from my savings. I already hold stocks and bonds from before I converted to Islam. These investments are from diverse grouped investment funds chosen by my financial councellar (because I do not know much about finance) and they regroup investments in many different companies and governments. I am not sure whether they constitute Haram investments. Before investing this additionnal large amount of money in these funds, I would like to know what is Haram and Halal investment, and how can I make sure that my investments are Halal, how can I find this information. I do not know much about finance unfortunately and being the only Muslim in my family and not knowing much Canadian Muslims makes it very difficult for me to find information. Jazakum Allahu Khairan for your constant help

Fatwa

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Publication Date

2007-03-25

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-786635

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