What Should One Do if One Finds Out His Stocks Are Non-Shariah Compliant

CategoriesTrade, Business & All Things Money [552]

Fatwa ID: 05894


Answered by: Shaykh Ahmed Bin Mohamed Umarji





If someone bought stocks of a company that was shariah-compliant at the time of purchase and after a few weeks or so that company was placed as questionable and then after as Shariah non-compliant. So what should a Muslim do in such a situation? Is he obligated to sell off and get out and what about any profit earned, is it halal or what?



In the name of Allah, the Most Gracious, the Most Merciful




The percentage of what comes from shariah non-compliant avenues should be given away in charity without the intention of reward.1


If the company becomes completely shariah non-compliant the stocks should be sold and the profits earned after the stock became shariah non-compliant should be given away in charity.




Only Allah knows best

Written by Shaykh Ahmed Bin Mohamed Umarji

Checked and approved by Mufti Mohammed Tosir Miah

Darul Ifta Birmingham





1 Contemporary Fatawa [Mufti Taqi Uthmani], Page 153, Idara-e-Islamiat Lahore Karachi Pakistan 200







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