• Transactions & Dealings >> Business

    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: 4826

    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