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 opinionon the matter of shares. However, Dārul Iftā’s view is that shares are not permissible. Kindly refer to the following link for a detailed article on the impermissibility of shares.
http://www.al-inaam.com/fataawa/shares_stocks/shares_stocks.htm
And Allāh Ta῾āla Knows Best
Wassalāmu ῾alaykum
Ml. Abdur Rahman Shareef,
Student Dārul Iftā
Checked and Approved by:
Mufti Ebrahim Desai
Dārul Iftā, Madrasah In῾āmiyyah