The Majlis Archive

Finance - Banking - Business The Majlis Vol 22 No 05, p.4

Are the dividends received on shares in a company halaal?

Question

Are the dividends received on shares in a company halaal?

Answer

Dealing in shares is not permissible. The dividends which are received on shares should be given to the poor without niyyat of thawaab. Whatever gain one receives on shares should be given to the poor. If the shares are sold, all of the money should be given as Sadqah to the poor.

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The Majlis Vol 22 No 05
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Appears under Questions and Answers (approximate).

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