Ask Qul - Business / Investment - Stocks

'Verily too much money corrupts religion and hardens the heart.'

Imam Ali ibn Abi Talib [as]

Tuhaf al-'Uqul, p. 199

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Ask Qul - QA

Question : #630

Subject:	Stocks
Question:	Would it be haraam if I invested in stocks ? This investing wouldn't be considered gambling of any sorts?
Answer:	Investing in Stock Market in which returns are not guaranteed would be permissible. Such investments, however, could become Haraam because of secondary reasons: like if one invests in a Company that deals in Haraam commodity, such as a Brewery or Casino. The best option for a Muslim investing in Stock Market would be the "ethical funds" since such funds do not deal in alcohol, tobacco, gambling or environmentally harmful products.

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