Salam alaikum,
Is it permissible to buy and sell shares of Israeli companies?
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Wasalam
May Allah bless you.
If the company passes the shariah screening criteria, then yes it is permissible.
The fact they are owned by Israelis do not make a company halal or haram. There has never been a prohibition with trading with non-Muslims either.
However, regarding the boycott of Israeli products and companies in protest to their treatments of Palestinians, it is another issue which I think is best answered by a local scholar.
And Allah knows best!
And Allah knows best!
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Wa alaykum salaam Omar
Welcome to the forum. I am a member like yourself. Please find my discussion with the Mufti with regards to investing in companies that are complicit in Israel here:
Unethical Shariah Compliant Holdings - Stocks - IFG Islamic Finance Forum (islamicfinanceguru.com)
JzkAllahkher
Nawaaz
Thank you Mufti Bilal, Jazakallahu khairan.
Salam Nawaaz,
I read your conversation in the thread you linked to before I posted. I’m not at all comfortable with investing in Israeli companies over the treatment of Palestinians but I wanted to know the legal ruling.
Wa alaykum salaam wrwb
That’s good- from my experience and research it doesn’t seem that there are shariah rulings against it specifically, which is a shame. The fact that some of these companies are included in the most common shariah funds (iShares Islamic) suggests this. However there may be a general ruling that is being followed to justify this, but I am not aware of it.
Kind regards
Nawaaz