Investing in the stock market

 

Question:

As Salam-O-Alaikum Mufti Sahab,

I had a question if investing in Stock Market is halal or not?
According to some only investing in non halal companies (Alcohol etc) is haram.

Wanted to get some answers from a reliable source.

Looking forward to you reply. May Allah keep you safe during this Pandemic.

Jazakallah.

 

 

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The following is a standard answer on investing in the stock market:

http://www.askimam.org/public/question_detail/43778

And Allah Ta’āla Knows Best

(Mufti) Abdul Azeem bin Abdur Rahman

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