Ask Qul - QA
Question : #630 Category: Business / Investment
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.

If you require further clarification on this answer, please use the feature to respond to the stated answer.
Copyright © 2016 Qul. All Rights Reserved.
Developed by B19 Design.