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What does the Shari'a state about trading shares? |
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Question:
What does the Shari'a state about trading shares? Is it Halal or Haram?
Answer:
Trading in shares is just like any other business. It is allowed as long as it meets the following requirements:
A. The shares belong to a company, which deals in Halal business. Some companies engage in depositing some of their monies in banks and draw interest upon it. This type of business would be considered Haram.
B. Also ensure that the company is not dealing in any ambiguous type of sales (like commodities which are non-existent at the time of the sale or there is ambiguity about their quantity or quality etc).
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The Quran |
Chapter: An-Nur (24) Ayat(verse): 26 |
| 26 . Vile women are for vile men , and vile men for vile women . Good women are for good men , and good men for good women ; such are innocent of that which people say : For them is pardon and a bountiful provision . | |
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