Fatwa #271229 October 2013India
Permissibility of monitoring stock prices
Question
I am working for a software company in India who has a client in Germany . The client in germany is a Energy (electriciy) manufacturing and trading company. The client in germany is also selling its stocks in futures market in various stock markets. they have various business like selling gas, power, coal, carbon etc.
Me as a job holder has responsibility to monitor stock price reports: mathematical/stastical and graphical reports already generated by computers and ensure they are properly generated at proper time. These reports will help client to do trading in stock market the next day and understand how the prices are going to behave in futures market. I am not involved in trading/transaction neither i recomend any traders to buy or sell stocks. pls advise if this job is Ok?
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Your job as a monitor of stock price reports is Shari'ah Compliant.[1]
And Allah Ta’āla Knows Best
Hisham Dawood
Student Darul Iftaa
Chicago, U.S.A.
Checked and Approved by,
Mufti Ebrahim Desai.
www.daruliftaa.net
[1] ..و لو كان هذا دارا بالسواد أو بالجبل كان للمستأجر أن يصنع ما شاء من ذلك..(الأصل ج-٣ ص-٤٦٥،دار ابن حزم)
و من آجر بيتا ليتخذ فيه بيت نار أو كنيسة..فلا بأس به (الهداية ج-٤ ص-٢٢٧، إدارة القرآن و العلوم الإسلامية)
و جاز..إجارة بيت ليتخذ بيت نار.. (كنز الدقائق ص-٦١٢، دار السراج)
و كذلك إذا استأجر الذمي من مسلم بيتا ليبيع فيه الخمر جازت الإجارة في قول أبي حنيفة (التاترخانية ج-١٥ ص-١٣٣، مكتبة زكريا)
و إجارة بيت..ليتخذ بيت نار...(تنوير الأبصار من الشامي ج-٦ ص-٣٩٢، ح م سعيد)