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?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
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.
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- Ftawy
- Original fatwa ID
- 103678
- Added here
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- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
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