Mufti Online — Madrasah Ta'leemuddeen

Purchasing stock in the stock market

· 7 Jumada II 1437 AH1 min readEnglish

Question

Can we purchase stocks of some industry/organisation in the stock market, if they are not dealing in interest?

Answer

Refer to http://muftionline.co.za/node/14274

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

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

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

Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/14366
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-14366

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.”

Ask Imaam · 73 fatawa from 4 Darul Iftas on this

What the Darul Iftas say

Related fatawa