Is the brokerage commission that a brokerage firm takes from trading in securities of companies that manufacture cigarettes or alcoholic beverages or banks permissible (halal)?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
It is permissible to work as a broker in the stock market, provided that transactions related to the shares of banks and usurious companies, alcohol and cigarette companies, companies that deal with bonds as instruments of usurious loans, and similar forbidden things are avoided.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/43918
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 43918
- 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