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premuim bonds and shares

Last updated: 12th June 2006
Question ID: #1952
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i want to know buying premium bonds or shares is allowed?


Assalamu'alaikum w.w.

Premium Bonds - Not permissible

Shares - Permissible to invest in companies who deal
primarily in Halaal products. This rules out companies
such as breweries, banks, insurance companies etc.

If in doubt about a specific company please refer to
your local Ulama/Mufti.

Wassalam
Mufti
Answer last updated on:
24th October 2006
Answered by:
Ulamaa ID 03
Website
Location: UK
(Mufti) Abdullah Patel
Halal Food Guide