Mufti Online — Madrasah Ta'leemuddeen

Is it haraam to buy and sell shares in the stock market?

Published as Buying and selling shares

· 19 Jumada I 1436 AH1 min readEnglish

Question

Is it haraam to buy and sell shares in the stock market?

Answer

The principle of Shariah with regard to shares is that, if the company's main business is halaal, then it will be permissible for one to invest in such a company. However, if the company's main business is haraam, then purchasing shares in such a company will be impermissible.

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/9720
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-9720

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