Investing in a company that is partnered with a company that deals in haraam

· 17 Jumada I 1439 AH1 min readEnglish

Question

I had a question regarding finance in islam, specifically investing in cryptocurrencies. I understand that it is only halal to invest in companies that do not deal with any haram acts such as interest or alcohol. However, I was curious to know, if company A, for example, is completely halal in its goals but is partnered with company B that is not halal such as a banking company, is it still halal to invest in company A?

I had a friend call a local sheikh who stated that it is halal to invest in company A since the goal of the company itself, for example to build an education platform, is completely halal even though company A is partnered with company B that is not halal. I just wanted to verify this information with another sheikh to put my mind at peace since I do still have some small amount of doubt.

Answer

You should terminate your investment in Company A.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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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