Buying shares in sasol, clicks, dis-chem

Category: 

Business Dealings & Money Matters

According to Madhhab: 

Hanafi

Reference: 

1441-614

Question: 

Is it permissible to buy shares in sasol, clicks, Dis-Chem etc? 


Answer: 

According to our understanding, buying shares in any of these companies would require investing on the JSE. Our Darul Ifta has reservations in investing on share markets such as the JSE, hence we advise abstention.

AND ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST

ANSWERED BY: Mufti Mohammed Desai 

CHECKED AND APPROVED BY: Mufti Muhammed Saeed Motara Saheb D.B

Date: 14 Dhul Qa’dah 1441 

English Date: 06 July 2020

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