AskImamDarul Iftaa Mahmudiyyah (AskImam)

Is it permissable to acquire telkom shares??Even if they deal in a permissable product their monies are kept in call accounts which earn a high rate of interest which will be distributed as profit.

Fatwa 11012English
Finance and Commerce

Question

The question text was not published separately; the title stands in for it.

Is it permissable to acquire telkom shares??Even if they deal in a permissable product their monies are kept in call accounts which earn a high rate of interest which will be distributed as profit.

Answer

It is permissible to acquire Telkom shares. However, since part of the dividends is made up of interest, a proportionate percentage of the profit or dividend will be Haraam. This portion will have to be disposed off as interest.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
View original Ask AskImam directly

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.