Fatwa #1870128 May 2010India
Invest in a share market
Question
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
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.
And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum
Ml. Abdur Rahman Shareef,
Student Dārul Iftā
Checked and Approved by:
Mufti Ebrahim Desai
Dārul Iftā