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Question ID: 32545
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Respected Mufti Saheb

Assalaamu `Alaykum

Mufti Saheb’s advise on the following issue will be appreciated.

In 1989 my late husband had purchased ISCOR shares and nominated me as the beneficiary. Thereafter these shares changed titles and eventually ended up as Computer Shares as a subsidiary to FNB shares.

Upon the demise of my husband in 2013, I inherited these shares (as the sole heir as per the shariah)and this year I requested Computer Shares to sell these shares on my behalf as I need the monies for my living expenses.

The shares have now been sold and I would like to know if it wilI be permissible to utilize the monies received.

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Asked on February 16, 2017 10:26 am
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Private answer

These shares should go into your late husbands estate to be then distributed as per Islamic law of Inheritance.

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Answered on March 6, 2017 2:42 pm
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