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Fatwa #2234813 September 2012Austria

Is Share Marketing Trading Shari'ah Compliant?

Answered by Moulana Ismail DesaiChecked by Mufti Ebrahim Desai

Question

My some friends are involved in share marketing trading, they also want me to join it too, and so can you please make me clear that is the money of the above trading is Haraam or Halaal?

Answer

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

There are two views of the Ulama with regards to trading in Shares. Some Ulama like Hadhrat Mufti Muhammed Taqi Usmani Saheb (Damat Barakatuhum) and other senior Ulama are of the view that trading in Shares is permissible. While another group of Ulama are of the opinion that trading in shares is not permissible.

In view of the differences of opinion, there is a leeway to trade in shares. It will be Taqwaa to abstain from trading in shares.

And Allah Ta’āla Knows Best

Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

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Is Share Marketing Trading Shari'ah Compliant? | Fatwa Explorer