Mufti Online — Madrasah Ta'leemuddeen

Trading on the stock market

· 14 Jumada I 1438 AH1 min readEnglish

Question

I would like to know if it is halaal to trade on the stock markets or buy shares in companies.

Answer

Refer to http://muftionline.co.za/node/9720

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/18370
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-18370

People also ask

Is trading in shares halaal?

“The Darul Iftaa has written a detailed answer regarding investing in shares. If the company in question fulfills the conditions laid out in the answer below, then it will be permissible to invest in the company.”

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