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Question ID: 1745Country: India

Title: Is it allowed to make entry in share market (Satta Bazaar) according to islam? Plz explain.

Question: Is it allowed to make entry in share market (Satta Bazaar) according to islam? Plz explain.

Answer ID: 1745Posted on: Sep 1, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 596/584=D)

It is allowed to purchase the shares of any company for business or investment with some conditions. But the satta (fixing/gambling) which is nowadays going on in share market is disallowed and haram. This is not intended to purchase share and own it, neither one takes possession of the purchased items, but only oral transaction takes place. This is gambling, thus unlawful.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

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Title: Is it allowed to make entry in share market (Satta Bazaar) according to islam? Plz explain.

Question: Is it allowed to make entry in share market (Satta Bazaar) according to islam? Plz explain.

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