Being a Muslim can I do sharetrading?

asked 10 NayanIslam's gravatar image
edited Aug 10 '13 at 02:15

i would have to say no. if you can't buy insurance because it's too much like gambling, then i can't imagine you can buy stocks which may go up or down. then again is there not a stock market in dubia? you peaked my interest.

(Aug 10 '13 at 13:16) abul rauf abul%20rauf's gravatar image

alrighty then. that's one no and one maybe/depends. good thing allah is all knowing and gave a divine revelation to guide all creation.

(Aug 10 '13 at 13:32) abul rauf abul%20rauf's gravatar image

Market Symbol Index %

 Saudi TASI  8435.19 13.93

 Dubai DFM  2075.56 1.10

 Abu Dhabi ADX  3287.87 1.04

 Kuwait KSE  7287.67 0.83

 Bahrain BSE  1097.43 1.05

 Oman MSM  6202.53 0.37

 Qatar QE  8593.26 -0.73

 Lebanon LSE  1223.29 -0.21

 Egypt EGX 30  5225.24 -0.22

 Jordan ASE  2035.34 -0.37

 Tunisia TUNINDEX  4559.73 -0.24

 Morocco CB  9205.11 -0.25

 Palestine PSE  460.19 0.27

Market quotes delayed by 20 min.

(Aug 10 '13 at 14:29) abul rauf abul%20rauf's gravatar image

Assalamualaikum. brother this is my question also. many say all the interests, of what type it can be, are haram! on the other hand, many say that we dont fix any amount or percentage for which it will be called as an interest. it is a matter of profit and loss just like doing business. if business is halal so why is it not? i am sorry that i didn't asked through a new question, as it is asked already, i am trying to know through this. i am in confusion and worried also because my husband, father-in-law and brother and relatives do share business.

(Aug 11 '13 at 22:05) Muslim Lady Muslim%20Lady's gravatar image
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Asked: Aug 10 '13 at 01:24

Seen: 453 times

Last updated: Aug 11 '13 at 22:05

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