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The question

Is it permissible to deal in the stock market given the predominance of indebted companies?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

Trading on the stock exchange is forbidden if it adheres to its international system, as it involves interest-based lending, the inability to deliver upon request, and delayed possession. However, it is permissible if the following controls can be applied: that buying and selling are limited to the amount of capital, that possession is immediate without delay, that the buyer can dispose of the currency, and that investment systems are in permissible physical assets. As for trading in gold and silver, it requires immediate possession and equality in weight, which is not possible in stock exchange operations. It is well-known that the stock exchange violates most of these conditions, as it is based on usurious lending and paper trading.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
33618
Imported
Translation status
Source text, unreviewed
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