Transactions & Dealings >> Shares & Investments

Question # : 3810

India

Already I am doing a business of share trading; in share trading daily buy & sell (intraday) is jayaz (halal or haram)?

Answer : 3810

Published on: May 14, 2008

بسم الله الرحمن الرحيم


(Fatwa: 366//344=L)


 


In order to sell an article first you have to take it in your possession, but the form of possession differs, it is not necessary to possess it physically, but if it is in your possession legally (i.e. it came in your risk) then you can sell it. I do not know what is the exact situation; whether the risk is transferred or not. Therefore, it is better (as caution) to avoid selling it until you take the delivery. It should be noted that this ruling is for selling after purchasing. If you send the detail of abovementioned transaction then we can have a say about the validity of the business as well.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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