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Investing in shares according to AAOIFI

Last updated: 1st February 2024
Question ID: #9624
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Salam alaykum, I started investing in shares a few months ago. I've already put in over 400 euros. To determine whether a company is halal, I use the Musaffa application, which claims to follow the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) methodology. Can I continue to invest in this way? If not, should I sell everything immediately? May Allah reward you for your efforts



بسم الله الرحمن الرحيم

الجواب حامدا ومصليا

AAOIFI is a reputable organisation lead by specialist scholars in Islamic finance. You can use them to invest in Halal companies.

And Allah knows best

10 Dhul Hijja 1445/ 17 June 2024

Mufti
Answer last updated on:
17th June 2024
Answered by:
Ulamaa ID 04
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Location: London