Dealing on the stock market
Category:
Business Dealings & Money Matters
According to Madhhab:
Hanafi
Reference:
1441-175
Question:
I
would like to know if the stock exchange market and buying shares is halaal of
not.
would like to know if the stock exchange market and buying shares is halaal of
not.
Answer:
Our Darul Ifta does not approve of dealing on the stock exchange hence we advise abstention.
AND ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST
ANSWERED BY: Mufti Mohammed Desai
CHECKED AND APPROVED BY: Mufti Muhammed Saeed Motara Saheb D.B
Date: 29 Safar 1441
English Date: 28 October 2019