Darul Iftaa Mahmudiyyah

Invest in a share market

· 14 Jumada II 1431 AH1 min readFatwa 18701English

Question

iam from india and i want to invest in share market and earn some profit will it be legal in islam to do such a type of bussiness pls answer

Answer

In the name of Allāh, Most Gracious, Most Merciful

Assalāmu ῾alaykum wa Rahmatullāhi Wabarakātuh

Ulāma’ have differences of opinion on the matter of shares. However, Dārul Iftā’s view is that shares are not permissible.

And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum

Ml. Abdur Rahman Shareef,
Student Dārul Iftā

Checked and Approved by:

Mufti Ebrahim Desai
Dārul Iftā

Answered by
Ml. Abdur Rahman Shareef
Checked & approved by
Mufti Ebrahim Desai
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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: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/18701
Fatawa SA: https://fatawa.co.za/fatwa/askimam-18701

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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