Skip to content
Home » Fatwa

Fatwa

Zakah on Sukuk

Question: How much Zakat do I owe on my Sukuk? Answered by: Shaykh Umer Khan In the Name of Allāh ﷻ, the Most Merciful, the Most… Read More »Zakah on Sukuk

Zakah on Stocks

Drafted by Shaykh Umer Khan. Approved by the Fiqh Council. All praise is due to Allāh ﷻ, and may peace and salutations be upon the Prophet ﷺ. Stocks As a Form… Read More »Zakah on Stocks

What is the Islamic ruling on investing in stocks?

Investing in common stock of a company is permissible if the company’s main business is permissible, interest-bearing loans are <30% of market value, interest-bearing deposits are <30% of market value, and unlawful income is <5% of revenue. Unlawful income should be purified. Also note that the following are not permissible: preferred shares, margin trading, short selling, CFDs, futures, forwards, options, and other derivatives.