Question ID: 26340
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Assalaammualaikum

What is the rule for trading shares on the stock exchange –

1) Is it halaal in general?

2) Is it halaal to buy shares of companies such as Massmart, who derives part of their sales from eg alcohol?

3) Is it halaal to buy shares in banks, who obviously deal in interest?

Jazakallah

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Asked on April 9, 2014 2:07 pm
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Private answer

1) No.
2) No.
3) No.
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Answered on April 9, 2014 2:07 pm