Sharia Council
Home arrow Business / Finance arrow What does the Shari'a state about trading shares?

Erfurt live Header10  0
HomeHow it WorksNewsDownload FormsRequest AppoinmentAbout UsContact Us
What does the Shari'a state about trading shares? PDF Print E-mail
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).
 
Next >
Read Also
Fatwa Search
Fatwas
General
Marriage
Divorce / Talaq
Children
Zakat
Worship
Family / Inheritance
Business / Finance
Seminar 2008
seminar_2008_thumb.gif
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 .
Polls
This website is...
 
Admin Login





Lost Password?
Who's Online
We have 5 guests online