Is participating with money in the stock market with a friend who handles the trading through a broker who takes a daily percentage considered forbidden, or does permissible participation in profit and loss make it lawful?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to partner with your friend as long as he deals with brokerage firms that lend their clients money to complete the price of shares and take interest on the loan. This is usury (riba).
Summarized from the full answer at Ftawy · imported
Read the full answer on Ftawyhttps://ftawy.com/en/questions/82820
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- Ftawy
- Original fatwa ID
- 82820
- Imported
- Translation status
- Source text, unreviewed
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