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."> 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.">

  • Transactions & Dealings >> Business

    Question ID: 1620Country: India

    Title: 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.

    Question: 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 ID: 1620

    Bismillah hir-Rahman nir-Rahim !

    (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 (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India