Fatwa ID: 05894
Answered by: Shaykh Ahmed Bin Mohamed Umarji
Question:
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
Answer:
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
