Darul Iftaa Mahmudiyyah

My understanding of fatwa 15981 is that it is not permissible to buy shares or invest in the stock market.

· 27 Muharram 1429 AH1 min readFatwa 16174English

Question

Assalamualiakum,

My understanding of fatwa 15981 is that it is not permissible to buy shares or invest in the stock market.

However, this fatwa says that it is permissible if certain conditions are met.

With regards to Fatwa # 6755, I would like to confirm that trading in shares in stock market is not permissible even if the conditions in this fatwa are met. This fatwa is also available on many websites on the internet.

Jazakalla

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

Yes your understanding is correct.

And Allah knows best

Wassalam

Mufti Ebrahim Desai

Darul Iftaa, Madrassah In'aamiyyah

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/16174
Fatawa SA: https://fatawa.co.za/fatwa/askimam-16174

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