Back to search
The question

What is the ruling on dealing in the stock market with multiples of the capital through a brokerage firm that stipulates the settlement of debt on the same day or the following day, and takes a commission for each buying and selling operation? Is this considered a loan that draws benefit (riba) or a pledging of shares? And what is the ruling on the work of a broker whose salary is determined by the amount of commissions?

Share this answer

Source: FtawySummary from Ftawy's records · added here Sep 2, 20261 min readAlso available in العربية
The answer

Margin trading through a broker is a loan from the broker to the client in exchange for a commission, and this is forbidden because it is a loan that draws a conditional benefit. Accordingly, it is forbidden for all parties to engage in it or assist in it.

Summary from Ftawy's records · added here

Reviewed by El Fatwa's sharia committee.

Read the full answer on Ftawy
Where this answer came from
Source platform
Ftawy
Original fatwa ID
103678
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