• ICP Web

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

5 views0 comments

Recent Posts

See All

Splitting bill with non-Muslims

Question During Team gatherings, we will all go out to a nice restaurant and end of the day have to Split lunch/dinner bill with the work colleagues. Now usually, they will order Beef or Pork items fr

ATM machine

Question What is the ruling of keeping an ATM in one’s store, and the business owner receives a percentage of the fees charged by the ATM? بِسْمِ اللهِ الرَّحْمنِ الرَّحِيْم In the name of Allah, the

Dog Walker Job

Question: My son wants to earn a bit of pocket money by walking some dogs in the neighborhood (especially for some of the more elderly neighbors who have pets as companions). In any case, is this Isla