[ethigSmimbine]

I'm an aspiring Day Trader looking for Answers regarding the legitimacy of this Career in Islamic teachings. Thus far I believe Futures Trading is not Islamic based but currently unaware due to my lack of Islamic Knowledge. Thank You Inshallah !!! Brothers & Sisters in advance for your replies.

Wsalaam

Gerry

[kuzbaslachek]

Salam brother,
if it's stock markets your talking about buying stocks is haram because it's considered gambling. Your relying on chance whether the stock price goes up or not to make money. In this path theres 2 options
either u make money or you lose.

Gambling is haram.

I hope this helps

[juliannamed]

If I can see company X is quite profitable and it pays a dividend and I want to take advantage of it by buying a stake - lets say 15,000 shares (I buy them directly off the stock market) - the company is made up of 150,000 shares so I become owner of 10% of the company - is that gambling?

If so, please explain how.

[Knongargoapex]

http://www.straightwayethical.com/

[VottCetaVeivE]

Stock market are permissible with many conditions. I don't know if the markets today satisfy these conditions.

Look here: http://spa.qibla.com/issue_view.asp?HD=1&ID=375&CATE=43

There is a detailed explanation by Muft Taqi Usmani, if anybody finds it kindly post it here.

[putza]

http://albalagh.net/qa/0143.shtml

http://albalagh.net/qa/stocks.shtml

http://albalagh.net/qa/stock_options.shtml

The first link is a detailed answer by Mufti Desai saab on trading in stocks, the second one is even more detailed by some other Maulvi saab, The last one is Mufti Taqi Usmani's reply to a question posed on forwards and futures.

[20170425yuanyuan]

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