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Old March 7, 2017, 06:30 AM
adamnsu adamnsu is offline
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Join Date: December 12, 2005
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Quote:
Originally Posted by iDumb
Buying stocks is not gambling. When you purchase stocks, you buy a piece of the company. It sounds like gambling for people who lack understanding of the this simple fundementals. Our prophet was a businessman himself. Buying stock is no different than owning your halal store with 3 partners.

However what company you buy into matters. There are funds specially cater to Muslims ie Halal that avoid investing in companies that deal with alcohol, cigarettes, guns, pornography etc.

Quiet some time ago, one of those fund was in the news because it was beating the market quiet handsomely for a while.. apple being their number 1 company.
Quite a mature and educated answer from you. Keep it up
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