Are oil stocks a good buy? are they halal?
#Investments #OilStocks
A combination of increased production by the major players like Russia and Saudi Arabia along with a drop in global demand due to global economies coming to a complete stop has made for a perfect storm for the oil industry.
Consequently, the prices for oil company stocks have taken a nosedive of around 50% just since the start of the year.
Now the question that suggests itself is, are these oil stocks good investments especially in light of what appears to be massively discounted prices?
Additionally, as always on this channel, we’re going to examine the question of whether these companies are halal to own and profit from?
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