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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

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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 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

Original Source Link

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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