Buying share, stocks and mutual funds : day trading in stocks
Fatawa Question
Dear Br. B A al Rawi Assalamu Alaikum, Your question : I have an account in bank through which I buy and sell shares (stocks). The bank is getting commission when I sell or buy. I could get facility from bank as follows : I can buy shares (stocks) even if I have no cash to cover that but I have to sell them before the closing time for that day, regardless the price. So I might gain or lose depending on the price. Bank is getting its commission also. Is this deal Halal or Haram and why ? Thanks, Wassalam.
Fatwa
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Publication Date
2000-10-25
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726831
American Psychological Association (APA)
Qahf, Mundhir. 2000-10-25. Buying share, stocks and mutual funds : day trading in stocks. .
https://search.emarefa.net/detail/BIM-726831
Modern Language Association (MLA)
Qahf, Mundhir. Buying share, stocks and mutual funds : day trading in stocks. 2000-10-25.
https://search.emarefa.net/detail/BIM-726831
American Medical Association (AMA)
Qahf, Mundhir. 2000-10-25. Buying share, stocks and mutual funds : day trading in stocks.
https://search.emarefa.net/detail/BIM-726831
