I had taken position after seeing the stock is compliant in Islamic Stock screen, but recently the stock has turned non-compliant in Islamic Stock screener but I hold this stock from long time from the days it was compliant. Now the stock is in profit and if I exit now do I need donate this money? Or since I bought it during its compliant days I have some cooling off period such as 90 days to sell this stock and utilise the profit?
Assalamualaikum,
I had taken position after seeing the stock is compliant in Islamic Stock screen, but recently the stock has turned non-compliant in Islamic Stock screener but I hold this stock from long time from the days it was compliant. Now the stock is in profit and if I exit now do I need donate this money? Or since I bought it during its compliant days I have some cooling off period such as 90 days to sell this stock and utilise the profit?
Kindly guide.
Jazakallah khair
NoorulAmeen