[Stock market and day trading]
Fatawa Question
As-Salam `Alaykum ! In real estate, especially land, some people give advance for the land and search for another buyer means without buying a land, just give advance then find another person and tell bigger price and take profit out of this deal. Is this type of trading Halal ? In stock market, just buy big quantities of shares and sell those shares after 5 minutes, trade like this so many times, some profit and some loss, out so many trades. Is it similar to gambling ? Just buy and sell company shares on assumption basis ? Some cases order for huge number of IPO shares to take profit out of listing day. Please explain in detail.
Fatwa
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Publication Date
2008-04-20
Main Subjects
Economics & Business Administration
Islamic Studies
Topics
- Islamic jurisprudence
- Contracts
- Investments
- Financial markets
- Purchasing
- Stocks
- Speculation
- Provisions of sharia
- Land
- Business
- Real property
- Usury
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-732551
American Psychological Association (APA)
Qahf, Mundhir. 2008-04-20. [Stock market and day trading]. .
https://search.emarefa.net/detail/BIM-732551
Modern Language Association (MLA)
Qahf, Mundhir. [Stock market and day trading]. 2008-04-20.
https://search.emarefa.net/detail/BIM-732551
American Medical Association (AMA)
Qahf, Mundhir. 2008-04-20. [Stock market and day trading].
https://search.emarefa.net/detail/BIM-732551