03-24-2006, 04:27 AM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by waqar_rao</i>
<br /><font face="Times New Roman"></font id="Times New Roman">
Assalam-o-Alaikum to all,
Can any body answer my this question with some refrences if he/she could. my question is...,
While doing Business in Stock Exchange i.e selling and purchasing of Shares we earns some Profit which we called Dividend Is this Profit
Allow(Halal)in Islam?
Regards,
Waqar Ahmed Shaikh
[email protected]
[email protected]
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Salam Waqar,
Buying and Selling Shares
If you make any profit by purchasing and selling shares that is a PROFIT not a DIVIDEND. And i am confident that it is allowed in Islam as long as Concern Company doesnât do such trade which is forbidden in Islam. When you buy and sell share you just hope for good in other words you are not sure whether you will make profit or a loss. It is same true for the business therefore it is like a business.
Dividend,
When you buy share is a company than you get the some profit from Concern Company on the basis of your share. Let me give you an example to understand it. if a company issues 100 shares and you buy twenty of them that mean you are 20% owner of that company and whenever the company will pay dividend(profit) to its share holders you will get 20% of it. Buying share in a company is a kind of investment which is allowed in Islam.
Interest
I think you are bit confused and mixing up the interest with dividend and shares dealings. Interest is a totally different compare to Dividend and Shares dealing. Interest is forbidden in Islam because you charge fix rate on you lending which is forbidden.
<br /><font face="Times New Roman"></font id="Times New Roman">
Assalam-o-Alaikum to all,
Can any body answer my this question with some refrences if he/she could. my question is...,
While doing Business in Stock Exchange i.e selling and purchasing of Shares we earns some Profit which we called Dividend Is this Profit
Allow(Halal)in Islam?
Regards,
Waqar Ahmed Shaikh
[email protected]
[email protected]
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Salam Waqar,
Buying and Selling Shares
If you make any profit by purchasing and selling shares that is a PROFIT not a DIVIDEND. And i am confident that it is allowed in Islam as long as Concern Company doesnât do such trade which is forbidden in Islam. When you buy and sell share you just hope for good in other words you are not sure whether you will make profit or a loss. It is same true for the business therefore it is like a business.
Dividend,
When you buy share is a company than you get the some profit from Concern Company on the basis of your share. Let me give you an example to understand it. if a company issues 100 shares and you buy twenty of them that mean you are 20% owner of that company and whenever the company will pay dividend(profit) to its share holders you will get 20% of it. Buying share in a company is a kind of investment which is allowed in Islam.
Interest
I think you are bit confused and mixing up the interest with dividend and shares dealings. Interest is a totally different compare to Dividend and Shares dealing. Interest is forbidden in Islam because you charge fix rate on you lending which is forbidden.
