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Is it Halal or Haram to buy and sell shares in the same day in the stock market?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am trading in share market, I want to know that if i sold shares in the morning after market starts and buy shares (which i sold in the morning or before some time) after some time in that day before closing the market, which is called short position/transaction, is it HALAL or HARAM?

Answer

(Fatwa: 1538/1172=H/1429)

If the shares take some day’s time to covert to freeze assets, it is unlawful to sell the shares before that, rather is ir haram.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.