How to deal with a stock that was bought when permissible & now nonpermissible?

💰 Everyday Islamic Finance Savings & Investing
#1

Hello,

I bought some stock in Gopro as a permissible stock per Zoya screen im December & just saw that it has been flagged as noncompliant. I’m not sure how to deal with the stock - I can sell it immediately, however, is there any further need to purify the liquidation? The stock will be sold at a 40% loss.

Kindly share your expertise in this situation.

Thanks

1 Like
#2

Salaam and welcome, @Yousef! We’ve posted some general tips on what to do in this situation in our FAQs which you can find at the link below.

https://help.zoya.finance/en/articles/4189829-how-do-i-purify-my-investments

1 Like