Buying and Selling Stocks

Question: I would like to know about the stock. Is stock buy and sell haram or halal? Is stock capitalism? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the Most Gracious, the Most Merciful

Answer:

Before investing in stocks, there are general guidelines/principles to take into consideration. If these rules are adhered to, then it would be permissible. Our Darul Ifta has shed light on this subject, hence you may refer to the following link: https://daruliftabirmingham.co.uk/halal-investments-into-shares/

For more details regarding investing in stocks, you may also study the following books:

https://archive.org/details/IslamAurJadeedMaashiMasailByShaykhMuftiMuhammadTaqiUsmani

https://archive.org/details/IslamAurJadeedMaeeshat-o-tijarat/mode/2up

https://theislamicestablishment.com/29/2595/issue-of-shares

Only Allah knows best

Written by Maulana Mohammad Ahsan Osmani Checked and approved by Mufti Mohammed Tosir Miah Darul Ifta Birmingham