Question Summary: 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 Question Detail:
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 :
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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. Kindly refer to the following link for a detailed article on the impermissibility of shares. http://www.al-inaam.com/fataawa/shares_stocks/shares_stocks.htm And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum Ml. Abdur Rahman Shareef,
Student Dārul Iftā Checked and Approved by: Mufti Ebrahim Desai
Dārul Iftā, Madrasah In῾āmiyyah
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