Transactions & Dealings >> Business

Question # : 1620

India

I am a sub-broker in share trading business, I want to know whether intraday or day trading is allowed for us? According to shariat, if yes pls give me appropriate answer/fatwa.

Answer : 1620

Published on: Oct 2, 2007

بسم الله الرحمن الرحيم


(Fatwa: 1366/1065=H)


 


If you purchase something in the morning and take possession of it, then you sold it in the evening; this form of business is allowed. But, what you do as sub-broker in share business? What is the nature of your work? Please, furnish these details, then in-sha-Allah we will reply you.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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