exchange

Trading on the stock exchange

Question: 

I wanted to know if the buying and selling of shares is permissible, but for that companies that primary source of income is the 'sale' of halaal good, eg petrol, phones, clothing.

Is the dividends earned on said shares halaal too?

If not, could I please have the reasoning behind the fatwa?

I know that the buying of selling of shares of banks, and financial institutions which main source of income is through futures and interest is not permissible.


Investing on stock exchange

Question: 

I would like to know whether it is Halaal or Haraam to invest in the stock market? 

Answer: 
This issue of investing on the stock market has always been a controversial issue amongst the scholars with some permitting it and others not being in favour of it. We at our Darul Ifta do not approve of investing and trading on the stock exchange.

And Allah Ta'aala knows best
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