Home » Hanafi Fiqh » Muftionline.co.za » Is Trading on Stock Markets Halal?

Is Trading on Stock Markets Halal?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I would like to know if it is halaal to trade on the stock markets or buy shares in companies.

Bismillaah

A: Refer to http://muftionline.co.za/node/9720

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.