Buying and selling shares
Question
Is it haraam to buy and sell shares in the stock market?
Answer
The principle of Shariah with regard to shares is that, if the company's main business is halaal, then it will be permissible for one to invest in such a company. However, if the company's main business is haraam, then purchasing shares in such a company will be impermissible.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Zakaria Makada
- Checked & approved by
- Mufti Ebrahim Salejee (Isipingo Beach)
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.