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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.
See lessWhich Is the Safest Investment in Nigeria: Halal-Compliant or Non-Halal-Compliant Options?
Both are great investments. But you need to understand the difference between the two. Halal compliant are for Muslims and those who don't want interest in return of their investments, while non Halal compliant is for those who want interest in return of their investments.
Both are great investments. But you need to understand the difference between the two. Halal compliant are for Muslims and those who don’t want interest in return of their investments, while non Halal compliant is for those who want interest in return of their investments.
See less