The Majlis Archive

Finance - Banking - Business The Majlis Vol 28 No 08, p.4

Some companies give all their shareholders, annually or occasionally, money as profit/dividend.

Question

Some companies give all their shareholders, annually or occasionally, money as profit/dividend. Is it permissible to accept this money?

Answer

Such money in the form of 'dividends' is riba. It should be given as Sadqah to the poor without intention of thawaab.

View on themajlis.co.za
Published in
The Majlis Vol 28 No 08
PDF page
4

Appears under SHARES ARE HARAAM (approximate).

Was this page helpful?