Is Share Marketing Trading Shari'ah Compliant?
Question
My some friends are involved in share marketing trading, they also want me to join it too, and so can you please make me clear that is the money of the above trading is Haraam or Halaal?
Answer
Answer:
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
There are two views of the Ulama with regards to trading in Shares. Some Ulama like Hadhrat Mufti Muhammed Taqi Usmani Saheb (Damat Barakatuhum) and other senior Ulama are of the view that trading in Shares is permissible. While another group of Ulama are of the opinion that trading in shares is not permissible.
In view of the differences of opinion, there is a leeway to trade in shares. It will be Taqwaa to abstain from trading in shares.
And Allah Ta’āla Knows Best
Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
- Answered by
- Moulana Ismail Desai
- Checked & approved by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.