Question
A father invested in stocks for his son when he was young and then gave it to his son. The son never dealt in stocks. He received it as a gift. Can he sell the stocks and use the money?
Answer
These stocks are haraam. He should give the money to the poor and not use it for himself. The stocks are in the category of riba (interest).
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 20 No 02
- PDF page
- 4
Appears under Questions and Answers (approximate).