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Question ID: 4826Country: India
Title: I am involved in share trading. i am purchasing & selling shares(intraday). sometimes i am doing short sell (before purchasing shares, forward sell). i do get shares delivery. can i do short sell? (sell first & purchase after). i hope soon from you.
Question: I am involved in share trading. i am purchasing & selling shares(intraday). sometimes i am doing short sell (before purchasing shares, forward sell). i do get shares delivery. can i do short sell? (sell first & purchase after). i hope soon from you. zazakallah
Answer ID: 4826Posted on:
Sep 1, 2020
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 938/873=D/1429)
It is unlawful to sell a thing which you do not own or which you do not have in your possession. Therefore, the above-mentioned short selling is unlawful.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India