What is the ruling on trading shares if it is proven that the company deals in commercial insurance, and how are funds operated in permissible companies free from commercial insurance while avoiding prohibited forms, and what is the Shar'i ruling on analyzing the general stock market index?
- It is permissible to trade in permissible stocks, and it does not matter if the company has commercial insurance if it is forced to do so.
- It is permissible to enter into stock trading with others through an agency for a fixed fee, or through Mudarabah, where you provide the effort and others provide the capital, and you take a percentage of the profits, or through a partnership with a known capital and distribution of profits according to the agreement and losses in proportion to the capital.
- It is permissible to work as a financial analyst in the stock market, provided that one limits the analysis to permissible companies, or analyzes impermissible companies while warning against them.
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- 17461
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