Comments on: Islamic Economic SYSTEM as an alternative http://www.ijtema.net/2008/10/14/islamic-economic-system-as-an-alternative/ A Congregation of Muslim Bloggers Fri, 03 Feb 2012 20:56:09 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Faiza http://www.ijtema.net/2008/10/14/islamic-economic-system-as-an-alternative/comment-page-1/#comment-14680 Faiza Sun, 19 Oct 2008 07:15:09 +0000 http://www.ijtema.net/2008/10/14/islamic-economic-system-as-an-alternative/#comment-14680 Maasha Allah!! It is an eye-opener for me. Having been a student of Business and Finance for over 8 years, it just didn't strike me nor I came across anywhere that the form of Public Limited Companies is Haram, hence investing in stock market too. The very concept of Public Limited Companies- your liability is only limited to the capital that you own and your personal property is free from being attached is against the principals of Islam. All this while Ive been thinking that it is ok to invest in stock markets provided we invest in companies whoe business is not Haram with a long term holding. May Allah swt reward the author for the excellent post! Maasha Allah!! It is an eye-opener for me. Having been a student of Business and Finance for over 8 years, it just didn’t strike me nor I came across anywhere that the form of Public Limited Companies is Haram, hence investing in stock market too.

The very concept of Public Limited Companies- your liability is only limited to the capital that you own and your personal property is free from being attached is against the principals of Islam. All this while Ive been thinking that it is ok to invest in stock markets provided we invest in companies whoe business is not Haram with a long term holding.

May Allah swt reward the author for the excellent post!

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