Message No : 10Sr.No : 361/725
Question By : mohammad arshad

i am dealing in stock market in india .please let me know that dealing in stock is permissible in indian market if yes than what are the norms?


Reply By : Md. Asad Qasmi
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 stock market is permissible in Islam in case two conditions are found: (1) the stock you are dealing with is doing a lawful business (2) the stock holders divide the total profits among all as per the capital investment. Because if the company is doing unlawful business then its stocks and profits all, of course, will be unlawful. So before investing in any company or stock market find out at least the above mentioned conditions are met.

Allah knows the best
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Current Issue October 2012
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