Buying and selling shares

Q: Is it haraam to buy and sell shares in the stock market?

A: The principle of Shariah with regard to shares is that, if the company's main business is halaal, then it will be permissible for one to invest in such a company. However, if the company's main business is haraam, then purchasing shares in such a company will be impermissible.

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

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)