Questions and AnswersCategory: QuestionsThe proceeds from stocks/cryptocurrencies with immoral partnerships
Ali Faizan Kazmi asked 7 months ago

Salam Alaikum Warahmatullah Wabarakatuh.
If one invests in a stock/cryptocurrency and some time after the investment one learns that the issuer of the stock/cryptocurrency has now entered into a partnership with an organization that promotes immoral activities like pornography, gambling, or illegal occupation, is there a ruling for how one should use (or dispose of) the profit from that investment?
Jazak Allah khayr

1 Answers
mehdi Staff answered 7 months ago

أعوذ بالله من الشيطان الرجيم
بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ

As Salaamu Alaikum Wa Rahmatullahi Wa Barakatuh,

We hope this answer reaches you in good health and Islamic spirit.

Based on your specific question and information provided.

Based on precaution, you can pay Khums (1/5) on the profit to ensure that it is halal.

اَللّٰهُ أَعْلَم‎
(Allah(awj) Knows best)
If you have further questions kindly contact us at (718) 297-6520 Ext 113 Monday to Saturday between 11:AM – 3:00 PM.