Transactions & Dealings >> Shares & Investments

Question # : 32523

India

In intraday we purchase shares of a lawful company in morning wholy the shares risk is comes upon us the value of the shares increase or decrease we are responseble can we trade in intraday please reply.

Answer : 32523

Published on: Jun 4, 2011

بسم الله الرحمن الرحيم


(Fatwa: 875/722/B=1432)

After purchasing the share of any company, it is not lawful to sell it on the same day or the next day when the price goes high. This airy sale of share is unlawful according to Shariah and it is buying rupees with rupees, which is not lawful with difference.


Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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