Share Trading

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QUESTION:

اسلام عليكم ورحمة الله وبركاته

I pray to Allah that this email finds you in the best of health.

 

Please answer the following question for me:

 

Is share trading, such as on the jse markets, halal? The investment will be purely profit and market based and void of any interest.

 

جزاك الله خير الجزاء

 

Answer:

 

 

According to our research, investing in stocks is not permissible as investing in companies on stock exchanges  is in reality investing in the “value” of the company rather than “asset “ which is a requirement of the shariah laws of business.

Therefore investing in stocks even though it may be “halal” companies is not permissible.

And Allah Ta’ala knows best

 

Darul Iftaa

Madrasah In’aamiyyah

Camperdown

South Africa

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