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Fatwa ID: 2066
Title: Allowed percentage of questionable income in investing stocks
Category: Financial Transactions
Scholar: Dr. Main Khalid Al-Qudah
Date: 03/10/2006


Assalam-o-Alaikum Alhamdulillah I have been trying to have my personal and retirements accounts invested in Sharia compliant investments, and have been primarily in contact with "AZZAD Group" in USA. It was informed that even all the companies, whose stocks may be permissible, even have 5% of their expanses listed as "miscellaneous". This amount may contain some that is not halal but there is no way to find out the details about this part of their income . So How safe and halal are these investments? Is it OK to accept that much of questionable percetage and how should one dispose off the doubtful part of the investment. Because to find stocks of 100% pure halal companies in USA is very very hard/ Jazakum-Allah-o-Khairan for your time and answer Allah Hafiz Shahid Hashmi

Investing through AZZAD is allowed, however, to dispose the prohibited profit, it should be deducted and given away in any (General Muslim benefit), like Masjid, Islamic school… giving it to a needy person is acceptable too.