Fatawa Answer

Question: Stock Purification

ID: 1503

Name: Dealings and Transactions

Question

Asalamu Alaykum,

I have invested in a stock for which the main business of the company is Halal and the company exists in physical form. This specific stockk does not pay out a dividend. One of the conditions for Halal investing is to donate the percentage of the profit to charity without the intention of reward. When should this be done - suppose I keep this stock for 10 years before selling. Do I make this donation at the time of selling 10 years later based on the interest percentage in the annual report that will come out 10 years later?

Jazak Allah

Answer

بسم اللہ الرحمن الرحیم

الجواب وباللہ التوفیق

Whenever you get a return on investment, you should give it in charity, whether it is after one year or after ten years.

فقط واللہ اعلم بالصواب

Answered On: Wednesday, Jan 26, 2022 | N/A

Answered By: Mufti Mohammed Ataur Rahman Sajid

Checked By: Mufti Mohammed Navalur Rahman