Assalaamu 'alaikum dear Mufti and the rest of the team!
Could youplease enlighten me on two isses related to dividend purification.
- If the dividends come to my trading account, should I immediately cleanse them of their non-halal part or can I wait till the moment I withdraw the money from my trading account? If non-halal part of the dividends being kept on the trading account is further used to buy stocks, does it make them unlawful/haram? If so, what should be done with the stocks which have been bought partly with the money that should have been purified?
- There is shariah ruling which states that in case the stocks loose their shariah-complaint status and the price of the stocks is lower than the price which has been paid for them then the share-holder can wait to gain the ammount of initial capital. As far as I understood, the dividends which are obtained after the stocks lost their halal status can be taken by the share-holder to make up for the value lost of the stocks so that he/she can get the initial ammount of money paid for them. If that is the case, should such dividends recieved from the stocks that have become non-halal be also purified?
Thanks very much for your responce(s) in advance, may Allah Almighty show mercy on us all!