Category: Business Matters
Fatwa#: 39500
Asked Country: India

Answered Date: Jan 29,2018

Title: Buying and selling shares

Question

As per my company policy portion of our salary is used for the contribution to purchase the shares of our own company and we hv the provision to sell these shares anytime and use that money. My question is Is the money from these shares halal for me. This is a software company called CGI Group Inc

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

CGI Group Inc., more commonly known as CGI, is a Canadian global information technology (IT) consulting, systems integration, outsourcing, and solutions company headquartered in Montreal, Quebec, Canada. Founded in 1976. [1]

 

CGI Group Inc. is a global information technology (IT) consulting system. The main business of the company is not violative of Shariah. [2]

 

The proceeds of the sale of one’s shares in CGI Group Inc. will be halaal.  

 

And Allah Ta’āla Knows Best

Rabiul Islam

Student Darul Iftaa
Detroit, Michigan, USA 

Checked and Approved by,
Mufti Ebrahim Desai.



 

[2]  “An Introduction to Islamic Finance” See page 143 from the following link.

 

http://daruliftaa.net/~dar60/index.php/resources/publications/finish/27%20publications/279-an-introduction-to-islamic-finance-mufti-taqi-usmani

 

اسلام اور جدید معاشی مسائل جلد 3 ص: 17،23  مکتبہ: ادارۂ اسلامیات) شیخ الاسلام مولانا محمد تقی عثمانی دامت برکاتہم

صفحہ 17: وہ کمپنی حرام کاروبار  میں ملوث نہ ہو-

  صفحہ 23: اصل کاروبار حلال ہو-

 

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.