Assalamu-alikum I want to work in National Stock Exchange, Mumbai. Is stock exchange work halal or haram ( Stock exchange works Shares business Buying shares and selling shares ) please answer immediately to my email. Thanking you
Answer
(Fatwa: 552/551=M)
By work in stock exchange, if you mean share business then there are some conditions which are required. First of all, the company should be dealing in halal items. Secondly, the assets of the company should not be liquid but frozen. Thirdly, if the company involves in some interest based transaction this should be opposed. Fourthly, at the time of receiving dividend/profits the interest amount should be given away as charity.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband