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What are the legal regulations for a sub-broker in share trading business concerning intraday or day trading?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
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

 

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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