Buying share, stocks and mutual funds : buying shares

Fatawa Question

I hope you clarify that doubts. Nowadays stock exchanges in all countries including Islamic countries are available in plenty. The companies which are dealing with Halal business such as computer software, steel etc. are also available in the exchange's list. If I wish to buy certain shares from that type of companies expecting the capital appreciation would that be Halal or Haram ? Eg. I buy 100 shares of one company with a price of 10 Rupees. In one or two months the price becomes 20, 30 etc. This means that I will get a good profit if I sell the shares. In this case I want to know such a profit is it Halal or Haram ? Hoping to hear from you. Jazakumullahu Khairal Jaza. Wa Ila lliqa.

Fatwa

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Publication Date

2002-04-15

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Islamic economics
• Financial markets
• Stocks

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726862

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• MLA
• AMA