Mufti Online — Madrasah Ta'leemuddeen

Investing in companies

· 28 Rabiʻ II 1439 AH1 min readEnglish

Question

Is investing money in different companies like Coca Cola, Nestle, etc. for profit and loss permissible?

Answer

There are contradictory views among the ulama with regards to trading on the stock exchange and in listed companies. Precaution requires that you avoid this.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/24029
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-24029

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