- 23 Aug 2009, 11:30
#12915
As per my knowledge,we arent allowed to buy shares in a company whose products are haraam in Islam !
But, buying from Primary Market (which is when the company comes in Stock Exchange) is when the money goes directly to the company...
After the period of time, it goes to Secondary Market (where shares are traded between buyers and sellers) the money is rotating between shareholders only. And nothing goes to the company itself !
Are we still not allowed to buy it from the secondary market ?
Even if we give away in charity the dividends we receive at the end of the year and gain only on the increase on the price ?
But, buying from Primary Market (which is when the company comes in Stock Exchange) is when the money goes directly to the company...
After the period of time, it goes to Secondary Market (where shares are traded between buyers and sellers) the money is rotating between shareholders only. And nothing goes to the company itself !
Are we still not allowed to buy it from the secondary market ?
Even if we give away in charity the dividends we receive at the end of the year and gain only on the increase on the price ?
http://www.saqqa.org
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