I am a sub-broker in share trading business, I want to know whether intraday or day trading is allowed for us? According to shariat, if yes pls give me appropriate answer/fatwa.
Answer:
(Fatwa: 1366/1065=H)
If you purchase something in the morning and take possession of it, then you sold it in the evening; this form of business is allowed. But, what you do as sub-broker in share business? What is the nature of your work? Please, furnish these details, then in-sha-Allah we will reply you.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband