AskImamDarul Iftaa Mahmudiyyah (AskImam)

Am I allowed to invest in defense stocks of ANY country?

Fatwa 4114English
Finance and Commerce

Question

E.g. companies in USA: Lockheed-Martin. General Dynamics. Northrop Grumman. L-3 Communications. Raytheon. Alliant Techsystems: One of the U.S. military's top makers of bullets, gunpowder, bombs and rocket-propulsion systems

Answer

It is not permissible for a Muslim to invest in any defense stock market.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by
Mufti Ebrahim Desai
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