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Sample letter to raise issue in AGM Regarding interest bearing debt or Non Sharia revenue of the investee company
معاملات >> شیئرز وسرمایہ کاری
سوال نمبر: 57956
عنوان:آپ کے فتوی کے مطابق ہم ان کمپنیوں کے شیئر بیچ سکتے ہیں جو حلال بزنس کرتی ہیں، لیکن ہندوستان میں بھی جو کمپنیاں حلال بزنس کرتی ہیں وہ بھی اپنے حلال بزنس کے لیے کچھ لون لیتی ہیں، اس صورت میں کیا ہم ایسی کمپنیوں سے شیئر خرید سکتے ہیں؟
سوال:آپ کے فتوی کے مطابق ہم ان کمپنیوں کے شیئر بیچ سکتے ہیں جو حلال بزنس کرتی ہیں، لیکن ہندوستان میں بھی جو کمپنیاں حلال بزنس کرتی ہیں وہ بھی اپنے حلال بزنس کے لیے کچھ لون لیتی ہیں، اس صورت میں کیا ہم ایسی کمپنیوں سے شیئر خرید سکتے ہیں؟
جواب نمبر: 57956
بسم الله الرحمن الرحيم
Fatwa ID: 363-357/H=5/1436-U گنجائش تو ہے البتہ اکر آپ کے حصہ میں سودی رقم آجائے تو اس کو بلانیت ثواب غرباء فقراء مساکین کو وبال سے بچنے کی نیت کرکے دیدیں، نیز وقتا فوقتاً سودی قرض لینے کے خلاف آواز اٹھاتے رہیں اور ایسی کمپنیوں میں شیئرز خریدنے سے اجتناب کریں تو بہتر ہے۔
واللہ تعالیٰ اعلم
دارالافتاء،
دارالعلوم دیوبند
سوال نمبر: 57956
عنوان:آپ کے فتوی کے مطابق ہم ان کمپنیوں کے شیئر بیچ سکتے ہیں جو حلال بزنس کرتی ہیں، لیکن ہندوستان میں بھی جو کمپنیاں حلال بزنس کرتی ہیں وہ بھی اپنے حلال بزنس کے لیے کچھ لون لیتی ہیں، اس صورت میں کیا ہم ایسی کمپنیوں سے شیئر خرید سکتے ہیں؟
سوال:آپ کے فتوی کے مطابق ہم ان کمپنیوں کے شیئر بیچ سکتے ہیں جو حلال بزنس کرتی ہیں، لیکن ہندوستان میں بھی جو کمپنیاں حلال بزنس کرتی ہیں وہ بھی اپنے حلال بزنس کے لیے کچھ لون لیتی ہیں، اس صورت میں کیا ہم ایسی کمپنیوں سے شیئر خرید سکتے ہیں؟
جواب نمبر: 57956
بسم الله الرحمن الرحيم
Fatwa ID: 363-357/H=5/1436-U گنجائش تو ہے البتہ اکر آپ کے حصہ میں سودی رقم آجائے تو اس کو بلانیت ثواب غرباء فقراء مساکین کو وبال سے بچنے کی نیت کرکے دیدیں، نیز وقتا فوقتاً سودی قرض لینے کے خلاف آواز اٹھاتے رہیں اور ایسی کمپنیوں میں شیئرز خریدنے سے اجتناب کریں تو بہتر ہے۔
واللہ تعالیٰ اعلم
دارالافتاء،
دارالعلوم دیوبند
Sample letter to raise issue in AGM Regarding interest bearing debt or Non-Sharia revenue of the investee company
Islamic Scholars who have expertise in the field of Finance mainly describes 5 criteria’s according to which a company is Shari’ah Compliant/Non-Complaint for a Muslim.
(See details https://blog.islamicstock.in/our-screening-criteria/ )
As above mentioned in the Deoband Fatwa that a Muslim Investor must have to raise his voice in opposition to Harām (Prohibited) Activities either in written form or simply orally at the Annual General Meeting;
So, if you are investor in the company and if you receive an email to attend AGM (Annual General Meeting) you can write an E-Mail below is the sample letter for Investors (For learning purpose only)
Subject: – Issue of interest-Bearing Debt or Non-Sharia Revenue of the Company
Respected Sir/Madam,
Greetings
I Myself Mr. Xyz (Write your NAME here)
PAN: ABCDE1234F ((Write your PAN here)
I am glad to say that I am a Share Holder of your Company & would love to be a part of it for the future too as God (Our Creator) encouraged business because it benefits the mankind in parallel it is a kind of good deeds which earn the benefits in this world as a livelihood and the day after here as a Paradise for those who believes in God and follow his orders.
On the other side of business God discourages the usury/interest bearing debt which is also almost businessmen and companies adopted that’s causes the harm in our society let’s see how,
There are many reasons why interest money is considered not permissible, the primary reason is it is exploitative. Because interest is based on exploitation. One has to pay interest from day 1 whether he makes profit or loss. Risk is all for his. In Islam the investor shares both profit and loss and is justified in claiming part of the profit.
Interest doesn’t really control the value of money; rather it manipulates its value. Higher interest rates make money harder to come by, shrinking the economy, whereas lower interest rates make money easier to come by, inflating the economy.
The reason is pretty simple. If capital is cheap (low interest rates) it is easier to get money to hire more people, build more buildings, engage in other businesses, etc. you keep spending money, because it is easy to borrow more. However, if capital is expensive (high interest rates) there is less money to engage in those activities. You are less likely to spend money because it will be harder to borrow more.
The reason why religions are against interest, specifically usury, is actually quite simple. God commands us to be productive and build. You are allowed to charge for work you do. But you need to work. Lending out money and charging usury is considered charging for nothing. In other words, you are producing and taking without producing anything of real value. Basically, you are doing nothing and getting something and it’s called exploitation of lender.
So being a Muslim, I adhere to some investing principles laid down by our scholars in the field of finance. I have observed that the interest-bearing debts of your company is high & income from interest & other resources are also high. We have observed that companies whose interest-bearing debt is high, fails to grow somehow in future, we all know paying extra amount for a debt is never a good thing whether its business or any other thing & this is the reason that I completely reject this interest-bearing debt & the interest income & other such types of income.
I hope that you have understood my points here & I kindly request your good office to gradually quit from any interest-based activities for the betterment of business.
Looking forward to be with you with a bright future.
Thanks & Regards
Mr. Xyz (Write your NAME here)
Islamic Scholars who have expertise in the field of Finance mainly describes 5 criteria’s according to which a company is Shari’ah Compliant/Non-Complaint for a Muslim.
(See details https://blog.islamicstock.in/our-screening-criteria/ )
As above mentioned in the Deoband Fatwa that a Muslim Investor must have to raise his voice in opposition to Harām (Prohibited) Activities either in written form or simply orally at the Annual General Meeting;
So, if you are investor in the company and if you receive an email to attend AGM (Annual General Meeting) you can write an E-Mail below is the sample letter for Investors (For learning purpose only)
Subject: – Issue of interest-Bearing Debt or Non-Sharia Revenue of the Company
Respected Sir/Madam,
Greetings
I Myself Mr. Xyz (Write your NAME here)
PAN: ABCDE1234F ((Write your PAN here)
I am glad to say that I am a Share Holder of your Company & would love to be a part of it for the future too as God (Our Creator) encouraged business because it benefits the mankind in parallel it is a kind of good deeds which earn the benefits in this world as a livelihood and the day after here as a Paradise for those who believes in God and follow his orders.
On the other side of business God discourages the usury/interest bearing debt which is also almost businessmen and companies adopted that’s causes the harm in our society let’s see how,
There are many reasons why interest money is considered not permissible, the primary reason is it is exploitative. Because interest is based on exploitation. One has to pay interest from day 1 whether he makes profit or loss. Risk is all for his. In Islam the investor shares both profit and loss and is justified in claiming part of the profit.
Interest doesn’t really control the value of money; rather it manipulates its value. Higher interest rates make money harder to come by, shrinking the economy, whereas lower interest rates make money easier to come by, inflating the economy.
The reason is pretty simple. If capital is cheap (low interest rates) it is easier to get money to hire more people, build more buildings, engage in other businesses, etc. you keep spending money, because it is easy to borrow more. However, if capital is expensive (high interest rates) there is less money to engage in those activities. You are less likely to spend money because it will be harder to borrow more.
The reason why religions are against interest, specifically usury, is actually quite simple. God commands us to be productive and build. You are allowed to charge for work you do. But you need to work. Lending out money and charging usury is considered charging for nothing. In other words, you are producing and taking without producing anything of real value. Basically, you are doing nothing and getting something and it’s called exploitation of lender.
So being a Muslim, I adhere to some investing principles laid down by our scholars in the field of finance. I have observed that the interest-bearing debts of your company is high & income from interest & other resources are also high. We have observed that companies whose interest-bearing debt is high, fails to grow somehow in future, we all know paying extra amount for a debt is never a good thing whether its business or any other thing & this is the reason that I completely reject this interest-bearing debt & the interest income & other such types of income.
I hope that you have understood my points here & I kindly request your good office to gradually quit from any interest-based activities for the betterment of business.
Looking forward to be with you with a bright future.
Thanks & Regards
Mr. Xyz (Write your NAME here)
جناب محترم۔ آپ ہی رہنمائی کیجئے۔ کہ کونسی کمپنی۔ حلال کاروبار کرتی ہے۔ اور سود پے نہیں چلتی جص شریعت میں جائز نہ ہو ۔۔۔بڑی مہربانی ہوگی
آپ ہماری ایپلیکیشن اسلامک اسٹاک ڈاؤنلوڈ کرسکتے ہیں ۔جو آپکو ان کمپنیوں کے بارے میں بتائیگی جو شرعیہ کی تمام شرائط پر پورا اترتی ہو ۔ اور آپ ان کمپنیوں میں سرمایہ کاری کرسکتے ہے ۔
JazakAllah Kashif Bhai and whole IslamicStock Screener team .
Yhi dua rhegi Allah apke is kam ko qubool kre
ameen!
Kiya mujhe usi email per bhej na h jis se AGM ka invition receive hua h ????
nahi, aapko us email me company ka email milega, uspe karna hai.
Request to please short video on how to perform this activity,
I see many mails are triggered for a each stock in every quarterly.
Thanks for the suggestion, we will try to do this innshaaa Allah.
Kya pan card details Dena jaruri hai
Nahi, ye 1 sample tarika tha, aap apne hisab se changes karein.
Chambal fertilizer k share kis tarah jaiz h
Jisme 0.47 Tak ka debt equity hai tafseel se bataye
Aap screening tarika dekhiye app me aur fir calculations kariye.
Jazakallah khair. Allah aapke kaam ko ummat ke haq me qubool farmaye
Ameen
[…] to grasp that, in this scenario, interest is deemed a non-permissible act, as delineated in our AGM blog where we actively discourage such practices. Contrary to popular belief, under Rule 3, the […]
Assalam o alaikum
My questions are how to send email to a company in these conditions
1. If we do swing n positional trading
2. If we haven’t received any email from Company before AGM
You have to send the email or attend the call only when you receive the mail for the AGM.
Aslamleikum warahmatullah hi wabarakathu.
I have a question.
Islamic stock screener suggest me to give 5% capital to poor people (Bina sawab ki )from the profit if I give 10%.
The remaining amount is totally halal?
Please reply I am confused
At the same time I do swing so I don’t receive and mail for AGM what to do so please reply
Jazakallah khair ♥️
Assalamualaikum w.w.
Molana muje ye baat puchni hai ke.
jabbhi email aaye to dayrect reply karna hai . please muje tafsir bataye ya koi video ho to link bhejiye. Zajakumullah