Two fold question on the 33% cap on interests bearing debt AND regarding Purification

[Nawaaz]

Wa alaykum salaam Zeeshan

Hopefully the following two answers will help with your questions:

What to do with my capital gains? Does it need purification ? Is it Halal for me to use?

Assalaamu alaykum, Purifying capital gains remains a debated issue. Some scholars argue that capital gains’ purification is not necessary, since the change in the stock price does not reflect the interest income, while others advocate capital gains purification. Those who are in favor of capital gains purification argue that it is safe not to utilize or benefit from impure income that might be reflected in the capital gains. This is because, fundamentally, the market price capitalizes the comp…

Can I wait before selling a losing stock that turned non permissible

Once the shares become non compliant, the ideal is to get rid of the profit made as soon as possible otherwise if it is not possible you can do the cleansing process once you have sold the shares. There are many way to purify the non shariah compliant income. Some may be stricter than the other. Mufti Zubair Butt has mentioned one way in his fatwa: http://alqalam.org.uk/research-papers/investment-in-stocks-and-shares/ @ibrahimkhan may share his method with you on this subject. The easie…