Message No : 29Sr.No : 401/722
Question By : mohammed muddassir mansuri

mohtaram mufti is this share trading is lawful(halal) in islam if so please give me copmlete details about this & also send fatwa for this ...........assalamwalaikum


Reply By : Md. Asad
Designation : Mufti, ODI, MMERC, Mumbai 

In the name of Allah The Most Gracious The Most Merciful

The answer to your question is as follows

Investment through share market permissible in Islam in case two conditions are found: (1) the company you are investing in is doing a total lawful business (not based on interest money). (2) the company divides the total profits to all the shares as per the capital investment. Because if the company is doing unlawful business then its shares and profits all, of course, will be unlawful. So before investing in any company or share market find out at least the above mentioned conditions are met.

And Allah (swt) knows the best

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Current Issue October 2012
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