Trading on the stock market

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I have some money and I want to know if I can invest it in the stock exchange? Can I become a stock market broker?

Bismillaah

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A: There are contradictory views among the ulama with regards to trading on the stock exchange and in listed companies. Precaution requires that you avoid this. May Allah Ta`ala give you barkat.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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