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Are Dividends From Stocks Like MTN and Dangote Considered Riba (Interest) in Islamic Finance?
This is a very common confusion, but they are actually very different! Interest (Riba) is Haram: This is a fixed "fee" you get for just lending money. There is no risk to you, and it’s considered "renting" your money out. Dividends are Halal: This is a share of the PROFIT. If the company works hardRead more
This is a very common confusion, but they are actually very different!
Interest (Riba) is Haram: This is a fixed “fee” you get for just lending money. There is no risk to you, and it’s considered “renting” your money out.
Dividends are Halal: This is a share of the PROFIT. If the company works hard and makes money, they give you a piece of it because you are an owner. If they lose money, you don’t get a dividend.
The Difference: Because you are sharing the risk and the reward with the company, it is 100% Halal.
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Am I suppose to fill e-dividend mandate form when buying paramount fuñd and money market fund from investnaija
Am I suppose to fill e-dividend mandate form when buying paramount fuñd and money market fund from investnaija
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