What should I do as I Invested in a Halaal Company’s Shares which Later Became Haraam. - Dr Zakir - video Dailymotion

Islamic Pulse

What Should I Do if I Invested in a Halal Company’s Shares Which Later Became Haram? – Dr Zakir Naik In this session, Dr. Zakir Naik explains the Islamic ruling for investors who purchase shares in a company that was initially halal but later engaged in haram activities. He discusses the importance of monitoring investments, the steps to take upon discovering non-permissible income sources, and how to purify wealth in such situations. The talk provides practical, Shariah-based guidance for safeguarding one’s earnings and conscience.

Transcript

00:00I invested money on a halal company's shares three months earlier but recently I checked

00:07that the company has become haram because interest burning debt to total assets has

00:15exceeded to 43.75% due to which the stock has become haram but previously the stock

00:23was halal. What should I do? The question posed by Brother Sadiq that he invested in halal

00:31shares and maybe he has knowledge about how to invest in stocks which are Sharia compliant

00:37and when he bought these shares three months earlier these shares were halal but now when

00:43he checked up he came to know that the interest bearing ratio or the debt ratio has increased

00:50to more than 43% 43.75%. So now what should he do? First if you have heard my answers on

00:59how do you come to know whether the stocks you are purchasing of a particular company Sharia

01:03compliant or not and there are five categories. The first is that the core activity should

01:08be halal and then you should see to it that they are not involved in any interest bearing

01:13activity as a company which is giving loan on interest etc. Then the cash and the debt

01:20ratio should be less and any haram activity should be less than 5%. These were discussed

01:27in detail. So the government has checked and he realized after three months that the debt

01:33ratio has increased to put the 43% and that means the share haram what should he do? He should

01:38immediately sell the share. Sell the share and invest in a halal share. But while investing

01:44in Sharia compliant in Sharia compliant shares which have a Sharia board is the best. In Malaysia

01:52where I live there are many Sharia compliant shares and it is there in the stock itself it

01:57mentions Sharia compliant halal okay not Sharia compliant. In India there are many Sharia compliant

02:04there are many Sharia compliant shares and it is there in the stock itself it mentions Sharia

02:11compliant halal okay not Sharia compliant. In India there are very few which are basically

02:16which have Sharia board etc hardly any but even if it doesn't have a Sharia board it can be Sharia

02:22compliant by nature because it may not be a debt company it may not be taking loans the core activity may not be

02:29haram it may be dealing with maybe pharmaceuticals so by nature it can be so some companies by nature if they

02:36don't have a Sharia board or so it can remain halal but some companies can keep on showing in like the one you said

02:42invest in a company and that company has got involved into debt you know so in this you have to keep on monitoring

02:49but the best is to invest in company which has a Sharia board the second best would be by nature if it is Sharia compliant

02:56you know that the company will not involved in taking loans from the bank and by nature it is such a company

03:02it is a strong company it's a big company and it's involved in products which are halal and then the third would be

03:09the company which may keep on changing so it is preferable to avoid investing in companies which can change

03:15because of the keep on monitoring and then if it's haram you have to sell it so why let yourself involve in investing

03:22even for a small period whether it be a month or whether it be a week so best is to involve in companies

03:27which have a Sharia board as I mentioned second best is by nature if it is Sharia compliant but now the solution for it is

03:33that C2 it will sell it immediately if you want to continue investing in Sharia compliance say C2 it that you invest in a company

03:40which has a Sharia board or by nature it is Sharia compliant hope that answers the question

03:45the question

What should I do as I Invested in a Halaal Company’s Shares which Later Became Haraam. - Dr Zakir

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