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Trading on the stock market

Answered according to Hanafi Fiqh by Muftionline.co.za
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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

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)

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.

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