AssalamuAlaykum Mufti Saab,
I pray and hope that you all are doing well InshAllah!
Just had a quick question Mufti Saab,
Is it allowed for us to become a Dividend investor? Can we collect or reinvest the dividends we receive from stocks we own?
For example stocks like Apple who pay $ .82 cents annually per share, are we allowed to use that .82cents/share?
Sorry, I’m a new investor and saw and read a little about dividends are profits one makes from their share in the company but read how overtime these can “compounding interest” and I wasn’t sure if that was permissible or not.
JazakAllah Khair & May Allah SWT accept your efforts.