@Mufti_Faraz_Adam @Mufti_Billal first, thank you for providing much needed guidance on this topic.
I think one area which has not been covered yet is something which a lot of US listed companies have been doing for years, I’ll use Apple as my example. The screening criteria approved by IFG (and also by Islamicly) would deem Apple a permissible stock. But can you please advise how Apple can be deemed permissible when they’ve consistently been increasing their debt to record levels (as debt is cheaper than ever before) and then they use that money to do share buy backs which has pushed their share price to record levels (from $100 to $500+).
If you could please provide some clarity on this, i’d very much appreciate it and hopefully it will benefit all of the users of this forum.
JazakAllah Khair