Assalamu Alaikum
Hope you are well Inshallah. I require assistance regarding the below:
I work for an Investment company that is not Shariah compliant. The company now allows for the staff to purchase shares in the company and receive a dividend as a result of the profits earned. I enquired what the dividends are made up of and was told the following
:
-Profits come from fees charged to clients
-interest from cash in bank accounts
-some of performance fees are earned from market movements of certain non shariah compliant shares
My question is am I allowed to participate in the share scheme? It is an investment in the company itself and we do not have control over where the profits come from.
Please advise if such an investment is allowed.
Jazakallah
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