Fatwaa ID: 425
السلام عليكم ورحمة الله و براكته
An elderly father has passed away, he had an investment in shares on the market, the inheritors are wondering whether they are allowed to leave the invested shares as they are (which are at a loss and wait till they come back to initial the amount invested by the deceased) or do they have to sell the shares now as the deceased is no longer here?
In the Name of Allaah, the Most Gracious, the Most Merciful.
As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.
May Allaah Ta’aala shower upon him with His infinite mercy and grace and elevate his status in Jannah.
In the enquired situation, the heirs may mutually agree to leave the invested shares of the deceased in the market for an agreed amount of time or until it becomes profitable. The other assets of the estate should be distributed now without any unnecessary delay. Once the shares are sold, the proceeds will be distributed according to the respective shares of the heirs.
And Allaah Ta’aala knows best.
Mufti Muajul I. Chowdhury
Darul Iftaa New York
06/26/1444 AH – 01/19/2023 CE | AML1-6907
وصل اللهم وسلم وبارك على سيدنا محمد وعلى ءاله وصحبه أجمعين
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