10-26-2004, 10:03 PM
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Salam!
I want members comments about the validity of capital gains as income from investment in listed securities, from SHARIAH point of view? is it halal or haram?<font face='Century Gothic'></font id='Century Gothic'><font size=5></font id=size5><font color=navy></font id=navy>
Idrees
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As far i have heard about the capital gains, these are totally halal. bcaz these represent the price difference. but if somebody stocks any thing to create shortage and to increase demand for that thing in order to make high profits, that can be haram. but normal capital gains on listed securities are halal. I am not aware of any fatwa of any Mufti or Moulana against the capital gain. If there is any, i'd love to know that as i my self get return in the form of capital gains.
SMR
Salam!
I want members comments about the validity of capital gains as income from investment in listed securities, from SHARIAH point of view? is it halal or haram?<font face='Century Gothic'></font id='Century Gothic'><font size=5></font id=size5><font color=navy></font id=navy>
Idrees
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
As far i have heard about the capital gains, these are totally halal. bcaz these represent the price difference. but if somebody stocks any thing to create shortage and to increase demand for that thing in order to make high profits, that can be haram. but normal capital gains on listed securities are halal. I am not aware of any fatwa of any Mufti or Moulana against the capital gain. If there is any, i'd love to know that as i my self get return in the form of capital gains.
SMR
