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In intraday we purchase shares of a lawful company in morning wholy the shares risk is comes upon us the value of the shares increase or decrease we are responseble can we trade in intraday please reply.

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
In intraday we purchase shares of a lawful company in morning wholy the shares risk is comes upon us the value of the shares increase or decrease we are responseble can we trade in intraday please reply.

Answer

(Fatwa: 875/722/B=1432)

After purchasing the share of any company, it is not lawful to sell it on the same day or the next day when the price goes high. This airy sale of share is unlawful according to Shariah and it is buying rupees with rupees, which is not lawful with difference.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

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

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