Question :
If a person invests in a company whose primary business is not permissible in Shari’ah and the person making the investment is in loss or gain, then what is the ruling in both cases?
Answer :
If a person invests in a company whose primary business is not permissible in Shari’ah and the person making the investment is in profit, then the amount of profit must be given as charity without any intention of sawab
If that person is in loss, then he must bear the loss.
Allah knows best
: سوال
کسی شخص نے اگر ایسی کمپنی میں سرمایا کاری کی جس کمپنی کا بنیادی کاروبار شرعاً جائز نہ ہو اور سرمایہ کاری کرنے والا شخص نقصان یہ فائدہ میں ہو تو دونوں ہی صورت میں کیا حکم ہے؟
:جواب
اگر کوئی شخص ایسی کمپنی میں سرمایہ کاری کرتا ہے جس کا بنیادی کاروبار شریعت میں جائز نہیں ہے اور سرمایہ کاری کرنے والا نفع میں ہے تو نفع کی رقم کو بلا نیت ثواب کے صدقہ کرنا ہوگا۔
اگر وہ شخص نقصان میں ہے تو اسے نقصان برداشت کرنا ہوگا۔
واللہ اعلم بالصواب
Question :
If a person invests in a company whose primary business is permissible in Shari’ah. But if that company does not meet other Shariah conditions (eg, interest bearing debt, non-Shariah income ratio or fixed assets ratio) then what will be the Shari’ah ruling on the profit and loss from the investment.
Answer :
If a person invests in a company whose primary business is permissible in Shari’ah, but if that company does not meet other Shariah conditions (eg, interest bearing debt, non-Shariah income ratio or fixed assets ratio) then profit must be given as charity without any intention of sawab and if there is a loss, he/she can wait until the invested capital is recovered.
Allah knows best.
:سوال
اگر کوئی شخص ایسی کمپنی میں سرمایہ کاری کرتا ہے جس کا بنیادی کاروبار شریعت میں جائز ہے۔ لیکن اگر وہ کمپنی دیگر شرعی شرائط (مثلاً ،سودی قرض ،غير شرعی آمدنی کا تناسب یا جامد اثاثوں کا تناسب) پر پورا نہیں اترتی تو سرمایہ کاری سے ہونے والے نفع و نقصان کا شرعی حکم کیا ہو گا ؟
:جواب
اگر کوئی شخص ایسی کمپنی میں سرمایہ کاری کرتا ہے جس کا بنیادی کاروبار شریعت میں جائز ہے۔ لیکن اگر وہ کمپنی دیگر شرعی شرائط (مثلاً ،سودی قرض ،غير شرعی آمدنی کا تناسب یا جامد اثاثوں کا تناسب) پر پورا نہیں اترتی تو سرمایہ کاری سے ہونے والے نفع کی رقم کو بلا نیت ثواب کے صدقہ کرنا ہوگا ۔اور اگر نقصان میں ہوں تو سرمایہ کاری کی ہوئی رقم کی وصولیابی تک انتظار کرنے کی گنجاش ہے۔
واللہ اعلم بالصواب
Profit ko purify kaise kare
Application me calculator ka use karein.
For the second point, What if we hold the stock, until it is compliant? I am investing in stock for long term like 5 to 10 years, So when I checked compliance after purchasing the stock, it was non-compliant due to debt ratio, but the stock later becomes debt free, and is now complaint. So what will be done?
And similarly if the stock was complaint but later down the years its non-complaint, 9due to interest-bearing income), what to do?
For 1st case, you have to exit the stock as it was not compliant when you purchased it.
For 2nd case, we have already covered in the blog.
Sir, agar long term k liye sharia compliance stock kharide aur 2 ya 4 saal k baad stock non sharia hojata hai interest rate ya debt kisi bhi isse. Toh wo 2 ya 4 saal ka profit hai wo pura hi Dena hoga ya kuch rakh sakte hai?
Read the blog http://blog.islamicstock.in/what-to-do-when-shariah-compliant-status-of-stock-changes/
How much does Grooww app charge for B&S?
You may ask the Groww team, they will respond properly.
Rule no 4 samajh me nahi aaya.
Please use aasaan Bhasa me samjhayein.
IslamicStock App ke Rule 4 ka matlab hai:
– Illiquid Assets ka Total Assets se ratio kam az kam 20% hona chahiye.
– Illiquid Assets woh hote hain jo foran bechay nahi ja sakte, jaise land, building, machinery, aur plant.
– Liquid Assets woh hote hain jo foran cash me convert ho sakte hain, jaise cash, receivables, aur short-term investments.
– Agar kisi company ka illiquid assets ka ratio 20 percent se kam ho, to wo shariah non-compliant ho jati hai.
“Islamicly”(stock screener apps)IPO of INDEGENE AND TBO TEK are saying it Sharia compliant but in Islamic stock screener saying it non Sharia compliant
There are many Shari’ah screening methodologies (fatawa) that are used for Shari’ah screening of the stocks and their approaches have good scholarly opinions behind them, so we are not against any specific approach.
We need to follow One Screening methodology(fatwa) after proper understanding
Assalamualaykum
Ek sawaal puchna tha maine ek non compliance company me invest kiya tha jisme mujhe 1 lac profit hua tha
Aur ek dusri non compliance company me invest kiya tha jisme mujhe 80,000 ka nuksaan hua
To mujhe 1 lac sadqa karna padega ya 20,000
Kindly help.
Wa alaikumus Salaam,
1 Lakh karna hoga sadqa.
I have invested in a non compliant stock in which I made profit of 30000. Now for that I also need to pay capital gain tax of 6000 so is it permissible to pay tax from the part of profit and give away remaining profit of 24000 or do I need to give away 100% profit of 30000 and pay 6000 tax from my Shariah income?
You have to donate 100%