Question Summary:
Investing in stock market

Question Detail:

Assalam alaikum wrwb. This is second time I am writing for the same question. I have asked about the stock market that whether or not if it is ok for one to buy shares in following companies: aapl(Apple technology), MU(micron technology), nvda(nvidia chipmaker), X (US Steel. )?

Answer :

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We apologize for the belated response. There are differences of opinion regarding the permissibility of investing in stocks. Mufti Taqi Sahib (دامت بركاته) permits investing in stocks with the following conditions[1];

If the above requirements are met, you may invest in the companies referenced.

And Allah Ta’āla Knows Best

Saad Haque

Student Darul Iftaa
New Jersey, USA 

Checked and Approved by,
Mufti Ebrahim Desai

[1] اسلام اور جديد معيشته وتجارت ص١٠٤ – مكتبة معارف القران (شیرز کی بیع وشراء کی شرائط)