4 replies to this topic

[abdullahfath]

I was thinking the other day because of my financial situation a brother at the masjid told me that accepting money that one has to pay an interest on or anything involved with interest is haram. I am slowly trying to pay off that which I have pawned. I do not agree with what I have done ( pawning some of my possessions for money ) but it was necessary that I might be able to get to work to have money or food. But I am getting away from the point....

Is stock haram? or more specifically is purchasing stock haram?

[Younes]

As-salamu 'alaikum wa rahmatu Allahi wa barakatuh

http://spa.qibla.com...&ID=375&CATE=43

[abdullahfath]

perhaps I should clarify as my situation is a bit more twisted than that. I am a Wal-Mart associate who initially opted to have a few dollars taken from every check to purchase Wal-Mart stock.

[Younes]

As-salamu 'alaikum wa rahmatu Allahi wa barakatuh

You should read the article and go through the points which talked about the permissability of investing in stock and compare it to purchasing Wal-Mart stocks. From what I can gather, it seems that having Wal-Mart stocks is legit. God knows best. However, you should still re-read the article since you know best what your situation entails.

You can send an e-mail to the following site, describing your case in detail: http://www.daruliftaa.com/

Take care, brother.

[abdullahfath]

my Imam said it was okay