The World Federation One Stop Fiqh

Ask an Alim

Investing in share market


I invest in share market in India as well as US. The problem is many companies have a very good product and can be invested in according to Islam, but their way of advertising is questionable. So what is the ruling on investing in companies with halal products but advertisements violating the rules of Islam?


Wa-alaykum Assalam

Assuming it is understood which stocks you are allowed to buy and sell (halal v harram stocks, CFDs versus real stock, market made v real stocks, buying long versus short selling etc), as far as we have investigated and asked the offices of Sayyid Sistani on a number of occasions there is no problem in intraday trading.

S. L. Al-Hakim