Buying shares in sasol, clicks, dis-chem

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

Sasol shares

Question:

A person would like to purchase shares from the Sasol company. Is it permissible for him to do so?

Answer:

Unpaid property in a deceased's estate

Question:

Distribution of estate

Question:

A person passed away and left behind the following:

Wife

Daughter

Son

Mother

Brother 1

Brother 2

Making Waqf of shares

Question:

If a person, before passing away put all his money into a company that his father has build, then he made some shares which he owns of that company Waqf for the poor, will this waqf be valid? i.e. can shares be made waqf?

Answer:

Zakaat before distribution of an estate

Question:

A person passed away, but his estate has not yet been wound up. Are the heirs required to pay Zakaat on their respective shares that they will receive when the estate is wound up, or do they pay Zakaat only after receiving their shares?

Answer:

In the enquired instance, they will only pay Zakaat of their respective shares of inheritance (which they are going to receive in future), after receiving their respected shares.i

Trading on the stock exchange

Question:

I wanted to know if the buying and selling of shares is permissible, but for that companies that primary source of income is the 'sale' of halaal good, eg petrol, phones, clothing.

Is the dividends earned on said shares halaal too?

If not, could I please have the reasoning behind the fatwa?

I know that the buying of selling of shares of banks, and financial institutions which main source of income is through futures and interest is not permissible.

Discharging Zakaat on profits

Question:

A family
company contains several partners. Each year, the partners share the profits.
We were told that each partner must pay the Zakate individually. Now, my first
question is: will the partners have to pay immediately, like a year has passed
or wait a year after they are in possession of the goods?

My second question: if the partners decide not to distribute all the profits

Dealing on the stock market

Question:

I
would like to know if the stock exchange market and buying shares is halaal of
not.

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