Is day trading permissible, and selling shares purchased on the same day before the financial settlement is completed, given that the shares appear immediately in the portfolio, while the proceeds of the sale are not available until one full business day later?
Source: FtawySummary from Ftawy's records · added here Sep 2, 2026
The inability to dispose of the stock trading price except after settlement within one business day does not affect the legality of selling shares, provided the seller owns them and has the freedom to dispose of them. It is stipulated, for the permissibility of trading shares in general, that the company's activity must be permissible, and that the company adheres to Islamic law in its dealings, neither borrowing nor lending with interest. There has been a difference of opinion regarding the legality of trading shares of mixed companies.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/193850
Where this answer came from
- Source platform
- Ftawy
- Original fatwa ID
- 193850
- 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