Stock
- Unit of ownership of a company.
- With no restrictions what type of a company or its financial status.
Halal Stock
- Unit of ownership of a company but comply with Shariah Law.
- Business
- Which avoids prohibited industries
- Alcohol
- Tobacco
- Gambling
- Pork
- Weapons
- Interest bearing products
- Adult entertainment.
- Fiance
- Debt /market value of equity(36 months Avg)< 33%.
- Accounts Receivable/ market value of equity <49%
- Cash & interest bearing /market value of equity < 33%.
- Impermissible income < 5%
----------------------------------------------------------------------------------
APP I use to check if the Stock is Halal:
Zoya App.
No comments:
Post a Comment