Monday, February 1, 2016

Ruling on buying and selling shares

Praise be to Allah.
Shares may be divided, according to the field of activity and work involved, into three categories: 
1.
Shares based on permissible work, such as companies that deal with transportation, shipping, manufacturing clothing, tools, office supplies, furniture, medical equipment, real estate, and so on, and do not engage in any haraam practices or transactions, such as cheating, or lending or borrowing on the basis of riba; rather they follow Islamic rulings in all their transactions and dealings.




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