Is the stock market forbidden in Islam, and consequently, are researching it and engaging in speculative operations related to it also considered forbidden?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is impermissible to participate in or assist with studies related to the stock market if it is highly probable that they will be used in prohibited usurious transactions, due to the Almighty's saying: (And do not cooperate in sin and aggression). However, if the nature of the studies makes them usable only for permissible matters, then there is no objection. There is no harm in conducting predictive studies based on market data, reality, and established principles.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/37885
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 37885
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy