- Transactions & Dealings >> Shares & Investments
- Total Questions : 51
- Q. I would like to know if Trading in Shares (especially doing Intra Day i.e. Purchasing and selling the same day) is it Halal? If we see the other way that a hawker purchases onion in the morning with an intention to sell it during the day . can't the same principal get applied to Intra day share trading. Please do reply to the same.
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- Q. regarding share trading i learnt that trading shares of those companies which do not indulge in unlawful business like wine company etc is permissible. But even if we invest in companies which do not have these haram products or services, like real estate, IT, power companies, they are involved in interest based financing for their projects and ventures. Investing in them will mean partnership in a company that's financed by haram means. Please, guide whether such investments are halal.
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- Q. I have gone through the previous fatwas of Dar-ul-Ifta about the investment in stock market. I have come to know now that I have to invest in which type of companies. But my question is related to my previous investments. I have already invested in some on the companies which are not fulfilling sharia complaince criteria. I obviously have to get rid of such companies and I have to sell the shares of such companies. But will the profit I will get will be haram? As i didnt knew before this criteria of sharia compliance. Some of the companies in which I have invested I am getting profit and in some loss at this time but profit is more than loss. Please advise about such profit. Regards, Rana Khawar
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- Q. Assalamu alaikum "wrwb" i got an offer to join Bajaj Allianz life insurance company as a Asst Sales Manager (sales and marketing)at Leh Ladakh branch office last month, i joined the next day without failing to do so, as i've seen a growth oppurtunity in my carrer and handfull salary. on the induction phase(informal) we were given basic information on Bajaj allianz life insurance company and its differnt products.Also Trainning that involves: 1. life insurance to the insurer.(in any case) 2. how the premium (amount)is utilised in investing in india's top 100 listed (Goi)companies. 3. an option where our money is invested in pure ways(muslim community)e.g pharma, automobile, agricultural, constructions...etc 4.And not investing in Gambling, cinema,liquor..etc.(controlled by Fund manager) 5.Growth on premium e.g 20%,30% 35% etc by investing in different 100 companies. 6. Double the amount (5yrs) according to the growth in the market by investing your money. plz, elaborate the above points according to islamic law. but, now i have stopped to go office as i realised that insurance in not permitted in islam and earning from the insurance company also not accepted according to islamic law, am i right? also, i am not geting Allah's blessing in this carrer.
2804 views
- Q. Salam Alaykum, I used to do investment in Mutual funds wherein when the sensex goes up I used to get fund value high and when the sensex goes down I use to get fund value low. The fund value is the value which I am supposed to withdraw. For example If I invested for an amount of Rs. 5000. Based on the market condition I will be having this amount either 4000 or 6000 and can go higher or lower. Kindly let me know is this a genuine by Islam.
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- Q. Assalamalaikum mufti saheb, One of my cousin want to help my aged uncle by giving money to perform haj. But he clearly says that he is working in a bank and the money is earned through his salary and by investing in shares.Is it jayez for my aged uncle to perform haj pilgrimage using his money? My uncle is very poor. Kindly advise as per shariyath.
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- Q. Assalamalaykum. Can I resell shares purchased just minutes before,because--nowadays online trading facility of buying & selling shares is available, and on purchase our share demat account is immediately credited with the shares brought,although delivery( not physical takes place after 3 days).It is law of the indian governments that it takes 3 days.----but on purchase of share we get Confirmation,on the spot, from broker(via,contract note) regarding our purchases,stating that you are holding the said shares. So my question is ---can we sell shares,which are immediately recorded in our contract note when we buy them.?why we cant sell them even after a minute or so.It is faulty indian system of postponing the delivery,though every thing is recorded immediately---and we become owner of shares immediately.?They come in our possesion immediately.
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- Q. Assalamu Alaikum Mufti Saheb. I have got an investment option where in i have to invest Rs.1,30,000 and would get a return of Rs.7500 pm. for five years and Rs.50000 at the end of five years. This is the investment plan. They say that our money will be invested in construction of apartments and i'm the temporary owner of 20 Square feet in a flat for five years for which we are getting the rent of Rs.7500 p.m for 5 years. As per my knowledge fixed income plans are not allowed. This plan also offers fixed income but they say and mention clearly that it is a rent which u receive hence it is fixed and it is obvious that rents are fixed. My question is 1) Can i invest money in this plan? 2) If yes, what if they invest our money in insurance, banks and like without informing us which is not allowed in islam. Hope my question is clear and I would be greatful if solution provided in accordance with Quran & Hadees.
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- Q. Assalamualeyikum, Are we muslims (Allowed) to invest in share market. E.g. I am planning to buy shared for IT Companies like HCL, Wipro, or Reliance. What all shares we (Muslims) can buy and what all shares we can't buy Jazaakumullah!
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- Q. I want to know that it is haram or halal in investing share market.becoz there are different jamaat according to each there are different views i am from tableeg jamaat give further conclusion. please reply by expert mufti's views.
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- Q. Asslamo Alaikum, Confusion about investment share market I want to invest in share market.Can you please give right avidence for invest in the share market,Because i have lots of doubt in my mind related in this type investments.Like this right or wrong in the light of shariah????? .Is there any perticular list of campany chosen by shariah board in which we can invest our money or we can invest in any campany in the market??? Or if you can send me a any clearification documents which had been published by any authorized Mufti of Deoband in realtaed to share investments.
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- Q. as salaamu alaiukm, i want to know about sub broker on share market business with PARSOLI CORPORATION LTD: 1.) parsoli is saying that we are doing on islamic principles ALLAH knows the best 2.) if costomer wants to buy non-shariah shares (exp:company's like wines, banks, financial dealing's) is it halal or haram. plz reply in details 3.) is intra day halal or haram jazakumullah khair
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- Q. What is dividend which comes as a result of investment ? Is it allowed to take the dividend from the company where we have invested?
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- Q. Invest in share market is how? jaez or najaez?
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- Q. I want to know that share market & inssurance are legal or ilrgal but why.give me complete answer.thanking you.
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- Q. I intend to buy shares of shariah compliant companies with a intention of investment / business. Once these shares come into my posession, can i sell them immediately if I notice that the price is going down? Is there any minimum time frame that i need to wait before I sell them on moral ground?
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- Q. I am a day trader of stocks. Is it permissible to short sell in Islam Short selling is the selling of a stock that the seller doesn't own at the time of selling them. He sells them in the hope that the price of those shares will decline, and he will profit by buying back those shares at a lower price. Waiting for your reply.
8878 views
- Q. I wanted to know regarding bajaj allainz insurance, as they say it doesnt involve any transaction of interest, being given to us.they say they invest our money in share market and give us the profit. it also like if there is any loss incurred we are also in it. is it halal to invest in it?so many deendar people are forcing me to invest in it. what do i do?
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- Q. I am trading in share market, I want to know that if i sold shares in the morning after market starts and buy shares (which i sold in the morning or before some time) after some time in that day before closing the market, which is called short position/transaction, is it HALAL or HARAM?
3137 views
- Q. Please answer my followingh query 1)Is a Franchaisee or a Sub-Broker Is it permissible for me to take commission for future and options and Daily trading ( Intra Day Trading) and Delivery based shares from Muslim and non Muslim customers. 2) The Franchaisee is termed as a service provider media by Parsoli Corp. Is the commission Jaaiz for the Franchaisee or Sub-Broker to buy and sell shares of Non-Sharia companies ( Not allowed by Shariat ) for anyone. 3) Is the commission Jaaiz to buy and sell shares of Non-Sharia companies for Non-Muslims as a service provider. 4)If Yes then Does the commission received by the Trade should be given in charity without any reward ?, or Does it require purification. If Yes then how it has to be purified ? 5)Does Tabligh Jamaat Deoband give the Fatwa to go ahead to my questions? I am waiting for your reply soon. Jazaakallahu khaira Mohd.sAJID
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