Question ID: 23118
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As Salaamu Alaikum.
I work for a conventional bank and was given Black Empowerment Shares (BEE)
1. Are the shares halaal?
2. Are dividends paid from these shares halaal?
3. If i sell the shares, are the proceeds thereof halaal? & can i use these proceeds to pay off the interest on an interest bearing homeloan?
4. Is it permissable to work for a non-islamic bank.
Please explain.
Jazakallah.
Wa Alai Kum Salaam

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Asked on May 5, 2011 8:33 pm
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Private answer
1) If what they buy and sell is Jaiz to do so in Shariat.
2) As (1)
3a) As (1)
3b) Yes
4) In a non-interest inserting department like teller.
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Answered on May 5, 2011 8:33 pm