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Can I Buy Stock Of An Alcohol Company?
Assalam alaikum,
Can I buy stock of an alchohol company or arms and ammunition company, as when I buy a stock in secondary market the money doesn’t go to the company for use.
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2 Replies
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Can I Buy Stock Of An Alcohol Company?
updated 3 years, 1 month ago
2 Members
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2
Replies
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It’s not permissible to buy stock in companies involved in immoral businesses. In a secondary market a third party might benefit from selling you the stock, however as a buyer you’re purchasing a share in a company that’s engaged in immoral business. In other words, by buying the stock, you’re becoming part owner of such a company.
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Jazakallah Sir.
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