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
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. 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