As-salamu Alaykum Wa Rahmaa Tu’lahi Wa Brakatu,
I have a stock Gingko Bioworks NSYE:DNA which I plan/planned to hold long term.
I am currently at a heavy loss which I expected but recently it’s shari’ah status became non-compliant.
I am not planning to sell my stock as the loss is high, however, I expect the stock to generate profit in the near term.
During this period of loss of the stock does become halal again, is there any purification process?
To summarise:
- bought the stock when halal
- stock loss value
- stock became haram
- waiting to recuperate loss to get at least break even before selling
If the stock becomes halal again, what should I do?
Haram status reason: interest profit is 13.43%.
Jazakhalla khairan.