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Are
Muslims allowed
to buy and sell shares on the Stock
Market?
It
is Haram and we shall prove it! DONT PLAY
WITH FIRE, YOU WILL GET BURNT!!!
The Reality on the Ground!
Question:
Please let me know is stock market business allowed
in Islam? Answer: Without a doubt,
trading on the stock exhange is haram and we shall
prove it to you.
Whilst there is no prohibition in
Islam relating to investment in companies in expectation
of a profit return, whilst also taking the risk
of a loss, the problem arises when these shares
are traded on the stock exchange, as the value
of shares so traded does no longer reflect the
actual worth of the company and how well it is
doing in real terms, but is dependent on speculation,
thus becoming a form of gambling. The Islamic
rules governing economics are designed to ensure
that all contracting parties know with certainty
the factors involved in a deal and the outcome
is not left to chance. Thus the trading in futures
and speculation on the prospective value of a
share irrespective of the assets and turnover
of a company are not permissible. This makes the
stock market largely a no-go area for Muslims,
even though many companies try to lure Muslim
investors by offering so-called ethical investment
opportunities.
Source: IPB
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