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N.B. Rulings are given in accordance with the Hanafi school of thought

Fatwa - Share options and warrants

Q: Are share options and warrants permissible in Shariah?

 

A:

 

Options and warrants go against the basic Islamic Economic principles and are hence not permissible in the Sharia.

 

Mufti Shafiq Jakhura
Iftaa Department, Darul Ihsan Islamic Services Centre

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