Question Summary:
Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

Question Detail:

Mufti Saheb as a muslim are we allowed to invest in shares because I read an article of the Majlis Ulema of South Africa wherein they have mention it is not permissible to invest in shares I hope you must have read that article Pls clarify .

Answer :

In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
It is our view that it is not permissible to invest in shares. Hereunder is our research on shares.
And Allah knows best
Wassalam
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah
Detailed Research on Shares
1.debate on shares.pdf ( http://www.al-inaam.com/debate_on_shares.pdf )
2.Shares Appendix A.pdf (http://www.al-inaam.com/Shares_appendix_A.pdf )
3.Shares Appendix B.pdf (http://www.al-inaam.com/Shares_appendix_B.pdf )
4.Shares Appendix C.pdf (http://www.al-inaam.com/Shares_appendix_C.pdf )