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  • Writer's pictureICP Web
    • Nov 6, 2020
    • 1 min read

Is online stock trading halal in Islam ?

Question:

Is online stock trading halal in Islam? Answer: ﺑﺴﻢ اﷲ اﻟﺮﺣﻤﻦ اﻟﺮﺣﯿﻢ In the name of Allah, the Most Gracious, the Most Merciful

Before investing in stocks or trading them, there are general guidelines/principles to take into consideration. 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/

https://daruliftabirmingham.co.uk/day-trading-stocks-shares-via-broker-mo bile-apps/

For more details regarding investing in stocks, you may also study the following books: https://archive.org/details/IslamAurJadeedMaashiMasailByShaykhMuftiMuha mmadTaqiUsmani 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

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