Is it permissible to trade in Nifty50, which consists of shares from the top 50 companies in India, including 6 banks? Should we deduct or give away 12% from the profit as purification for the banking portion?
Is it permissible to trade in Nifty50, which consists of shares from the top 50 companies in India, including 6 banks? Should we deduct or give away 12% from the profit as purification for the banking portion?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
It is not allowed to invest in any share of a company which deals with unlawful business like usury, alcohol, gambling, etc. Giving away the profit from such companies does not solve the problem.
Wassalam.