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