In this fatwa:
In Islam, it is not permissible to invest in companies involved in haram products such as alcohol, pork, or unethical practices. Supporting or profiting from such activities is viewed as promoting the haram. Instead, Muslims are encouraged to invest in businesses that are halal-compliant or consult certified halal investment agencies for guidance.
Is Investing in Haram Businesses Permissible?
Investing in company shares that deal with haram products (whether pork, alcohol, and so on) is not permissible in Islam. If something is declared haram, a Muslim must abstain, not only from involving himself in it, but also from promoting it.
By buying shares in such companies, one is committing the offence of promoting what is haram. Therefore, no Muslim should even contemplate doing such a thing.
Therefore, Muslims who wish to invest to look for those businesses that do not deal in haram products or practices.
Does Buying Shares Equal Supporting the Haram?
Buying shares in companies that deal solely in high-tech products, dairy products, and so on, might fall under this category.
Sometimes, an individual Muslim may find it hard to keep track of the policies and business practices of such companies to ensure that they are entirely free of involvement in haram. If that is the case, then a person is best advised to entrust this decision to those agencies that specialise in monitoring companies for their halal practices.
Fortunately, there are no shortages of halal investment opportunities that are strictly based on clear principles of halal and haram. It is recommended to get in touch with them.”
