What are the Islamic rules regarding participation in the stock market? Is it permissible to buy and sell shares in the stock market for investment purposes?
What are the Islamic rules regarding participation in the stock market? Is it permissible to buy and sell shares in the stock market for investment purposes?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
Yes it is permissible to buy and sell in the stock market as far as the shares you want to deal with are from a company which is doing lawful business. Shares of companies indulged in unlawful business are unlawful to buy or sell or to mediate in as brokerage.
'Wassalam.