Browsing All Posts filed under »Shares«

How to dispose of Haraam (unlawful) Wealth after Repenting

November 15, 2013

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Q. I am an Accountant employed at an accounting firm. I prepare financial statements, tax returns and advise clients on financial & tax related issues. Our clients are mostly small restaurant owners. We also have some clients in the real estate & auto dealership business. The restaurant owners, among other things, sell pork products. All […]

Ruling on buying and selling shares

November 6, 2013

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Q. What is the ruling on buying and selling shares? Please note that some scholars regard shares from all companies as haraam. We hope that you can explain. A. Praise be to Allah. Shares may be divided, according to the field of activity and work involved, into three categories: 1.  Shares based on permissible work, such as […]