{"id":18035,"date":"2020-11-11T21:52:07","date_gmt":"2020-11-11T21:52:07","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=18035"},"modified":"2020-11-11T21:52:07","modified_gmt":"2020-11-11T21:52:07","slug":"is-it-permissible-to-invest-in-stocks","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/is-it-permissible-to-invest-in-stocks\/","title":{"rendered":"Is It Permissible to Invest in Stocks?"},"content":{"rendered":"

\n\tFatwa ID: 04483<\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswered by: Maulana Muqtaur Rahman<\/span><\/span><\/strong>\n<\/p>\n

\n\t \n<\/p>\n

\n\tQuestion<\/u><\/b><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tAssalamualaikum mufti sahib. I have a couple of questions regarding buying and selling stocks. Is it permissible to invest in stocks? Is it permissible to do quick buy and sell off stocks or does it have to be a long-term investment? By Quick buy and sell I mean – buy in the morning and sell in a couple of hours. Can we buy stocks of a financial firm?<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\t\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/span><\/span><\/strong>\n<\/p>\n

\n\tIn the name of Allah, the Most Gracious, the Most Merciful<\/u><\/b><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\tAnswer:<\/u><\/b><\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tThere is a difference of opinion in regards to whether investing in stocks is permissible or not. According to Mufti Taqi Usmani it would be permissible to buy and sell stocks provided the following conditions are met:<\/span><\/span>\n<\/p>\n

\n\t1)   The company is not involved in unlawful trading.<\/span><\/span>\n<\/p>\n

\n\t2)   The company's assets should, not be in liquid form but have acquired some fixed assets as well.<\/span><\/span>\n<\/p>\n

\n\t3)   When the profits are distributed out then whatever percent has been received from interest should be given out as sadaqah.<\/span><\/span>\n<\/p>\n

\n\t[Fiqhi-Maqalat,v.1p.151]<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tIn relation to the quick buying and selling of stocks, it is similar to the normal form of buying and selling for profit. Therefore, it will be permissible so long as the company meets the conditions mentioned above.<\/span><\/span>\n<\/p>\n

\n\t[Surah Baqarah v.275]<\/span><\/span>\n<\/p>\n

\n\t<\/a> <\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\tOnly Allah knows best<\/span><\/span>\n<\/p>\n

\n\tWritten by Maulana Muqtaur Rahman<\/span><\/span>\n<\/p>\n

\n\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n

\n\tDarul Ifta Birmingham<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t <\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 04483 Answered by: Maulana Muqtaur Rahman   Question   Assalamualaikum mufti sahib. I have a couple of questions regarding buying and selling stocks. Is…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18035"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=18035"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18035\/revisions"}],"predecessor-version":[{"id":18048,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18035\/revisions\/18048"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=18035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=18035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=18035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}