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Investing in the stock market is not absolutely halal or absolutely haram. It mainly depends on the company you invest in. You need to think of it as taking an ownership stake in something. For example, let's take a company like Citibank. This may be an obvious one, but they make their money almost exclusively through interest and interest related stuff. ...


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I have read many fatawa by scholars (such as this example from SunniPath) permitting investment in companies that have some of their profits earned through interest, so long as these interest-related profits don't comprise a significant amount of the company's earnings (e.g. are not a primary source of income). The same basic ruling applies for any shari'ah ...


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It depends on your intention in the end. Value/long-term investing is hardly gambling, or you're saying that buying real estate is gambling. Short-term/speculation is generally viewed as bad - even among economists and traders considering how it brings very little value to the economy - and something a good Muslim should not really take part in. That said, ...


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According to the Bank Negara Malaysia, the rabb-al-mal has "a right of access to reasonable information regarding the mudarabah venture." [Shariah Standard on Mudarabah § 10.5]. While this is classified as a Shariah standard, it does not go into detail on how this ruling is derived or what exactly constitutes "reasonable information." I have however ...


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I'd be skeptical on something that's "certified" sharia compliant because it's easy to manipulate some loophole. It's more on how and why you do it. In Islam, motive matters. Allah knows your intentions. If it's completely unpredictable, it's probably like gambling. If you have a good reason to expect a price to go where you want it to go or if you can ...


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Yes, crowd-funding is halal (as long as the target activity is halal). In fact, Muslims have been doing this for ages for building masjids, bridges, roadways and other public goods. Even LaunchGood, one of crowd-funding sites, self-claims to be halal: Are you guys halal? Yup. We're 100% certified zabiha halal :)


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For an in-depth Research Paper covering the Onecoin ponzi scam and massive criminal fraud, written by Muslim scholars, please see: https://nawadir.org/2016/12/01/is-onecoin-permissible/. From this fatwa: The OneCoin scheme contains fraud and deception leading to unlawful consumption of wealth which is impermissible. Approved and endorsed by Mufti ...


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When you buy Gold ETFs, you essentially own some gold (the gold belongs to you), but do not have physical possession of it (its locked up in some vault somewhere), but you do have control over it (you can choose to sell your units at any time, any day during trading hours). For Zakat to be applicable, one must have ownership and possession of the wealth. ...


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Alaikum salam. It is generally accepted that proof of work is halal and proof of stake is haram, on the basis that "money cannot create money". If your investment goes to maintain computers mining coins, it might be fine. If it goes to a crypto account to serve as a proof of stake, it might not be. You should probably dive a little bit in the terms and ...


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All perfect praise be to Allah In short no, this is haraam. Why? because: having a fixed percentage from the capital with a guarantee of the capital is forbidden, since it is like a loan that gives profit, and this is a form of Riba. We should have faith in Allah, and invest only in permissible ways, he is al-Raziq, and is responsible to feed you, you ...


1

This is typically a very hard question to answer, because it is not dealt with in the Islamic tradition so anything you can read would be some mufti saying something that may or may not contradict another mufti. In this link for example, they give figures such that "the total debt of the company should not exceed 45% of the total asset" or "total ...


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The nature of riba in Islam How do you think about this issue? I need some perspective on this, but perhaps I am being too idealistic in the world we live in? NO, you are definitively not too idealistic. Ethical investment is a very important issue in the world we live in. Indeed, your question shows that you have great honesty in your faith. This will be ...


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Since the profit is coming from selling and buying products, then its Halal. Make sure that products do exists, and they are being traded. But, because there is red wine, then its Haram. Selling or Buying, delivering, or helping in the process of using Alcohol products is Haram. So, you are getting small portion of Haram profit, in Halal profit, which makes ...


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First you can't prove that in any court. But in Islamic laws there is a hadith said by Prophet Mohammad(sawws): البينة على من ادعى واليمين على من أنكر The evidence of the claimed and take an oath for denier If you work on this rule you claim that he promised you so you have to have the evidence and the evidence is either a written proof or two ...


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your question is incorrect; A) gambling (in it's broadest sense) is based 100% on chance, no skill required: A mentally retarded person can gamble; all they have to do is pick what to bet on. If you are just buying stock in any company you think is doing good and you assume they'll continue on that trend without reading up on them, then that is identical to ...


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I think by the links you have provided it is clear that if you have something and your intention is not to sell it but to use it yourself, than its not for trade purpose, same as if i buy a house, and live in it, i have bought it to use it not for trading purpose, although in future i might need to sale it for some reason, but it is not my intention for now. ...


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A question of this nature requires a fatwa specific to your situation and your retirement plan. Generally speaking, zakāh is ordained on money that has been in one's possession for one Hijri year. Since in most cases, retirement funds are not in one's possessions, scholars are of the opinion that no zakāh is required until one assumes possession of said ...


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Assalamualaikum. The following comment is based on what I came to understand from Islamic talks I attended in the aftermath of the SE Asia stock market collapse which as many will remember, was the playground of the speculators. There are certain rules to Islamic transaction. Sorry that I can't provide evidence from Quran and hadeeth as much of this was ...


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It's probably halal. It's like buying/investing in goods, and waiting to sell them when they are profitable. However, the only Haram I can only see is the part where the company you invest in uses it for usery or haram products. It's practically obvious that the current economy, it's almost impossible to evade such. Everything you buy, even banks are haram. ...


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Whilst there is no prohibition in Islam relating to investment in companies in expectation of a profit return, whilst also taking the risk of a loss, the problem arises when these shares are traded on the stock exchange, as the value of shares so traded does no longer reflect the actual worth of the company and how well it is doing in real terms, but is ...


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I will first tackle the topic of gambling. Gambling implies there is a matter of chance, and you do not have any control over the outcome. In stocks, those who are knowledgeable, have an advantage. They are able to read financial statements, calculate rations, analyze industry wide trends and make an assessment whether a particular company will do well or ...


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