In the Name of God بسم الله
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Salam Everyone While this has been asked before, atleast partially, I still think the issue remains hazy.. So here goes (these are all related questions, I just put them all here so that we have a discussion framework) 1) Is stock investment allowed? (Not rampant trading where speculation rules, but sober investment in shares for the sake of dividends as a side income, with only occasional trading) 2) If investing in certain companies is not allowed (e.g. those partaking in alcohol/gambling/ etc) then does this automatically rule out Index Funds, since they can basically invest anywhere? (maybe they dont, I am not sure, but thats how I understand they work- by diversifying the investment to minimize risk) 3) What about bonds? Some say they are better because they don't have the speculative part; others say they are worse because they are interest-based 4) What about cryptocurrency? I feel its problematic since its highly speculative (one Musk tweet and it plummets :p) Also, is there any book which details all of these issues and also recommends the best mode for investing Islamically? (Maybe on al-islam.org for example) Thank you all
Salaams all, Appreciate any help from anyone who knows about this topic. Please answer very carefully because my future may depend on your answer. I lost my job and in the process of being offered anther but just found out that it involves making reports (analysing data from databases) of bonds. I neither deal with them directly, sell them nor buy them. Just create reports for companies that already have them. Is this allowed ? The countries are all non-muslim as far as I know. The company deals with many non-muslim companies and one bank (Muskat bank) that is from Oman. Many thanks. (I follow Agha Sistani)
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