about SHare business

Discussion in 'Education & Careers' started by eager, Dec 4, 2011.

  1. eager
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    eager Junior Member

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    i want to know about Share business like Forex exchange.
    is it haram 4 us
    pls let me know.
    If i listen to any surah in my phn while walking in the street is it Gunah without WAZU.
    Please reply!!!
  2. trustedfire9
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    trustedfire9 Junior Member

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    bro i can't tell you helal or haram , but don't waste your money and time with forex
    it's not easy and need experience , there's easiest ways to make money online
    like google adsense .

    regards
  3. IslamIsSimple
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    IslamIsSimple Guest

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    Buying and selling shares has nothing to do with FOREX. Forex is very dangerous, and addictive. One shouldnt get too excited about it or addicted to it. Yes you can make lots but you can lose all your money instantly.

    The problem with it is that it depends on margin trading. Ive researched this and couldnt find much info on its permissability in Islam. Some gave their opinions but I personally feel that its not with a good understanding of how it works.

    But their evidence seems to be strong, however. They say it involves Riba for two reasons :

    1- Interest in whatever form is paid for margin trading.

    2- On the basis of the rule "Every loan that brings benefit, is Riba"

    Ive seen some (FOREX experts, not sheikhs) argue against the second, saying that SOME brokerage firms, arent the same people who give you the extra money to trade with, so theres 3 parties involved in SOME cases.

    I dont know the ruling, im just stating points I read about. Also theres the issue of getting this loan (margin) but not really being able to use the money the way you want. So in this case is it really a loan? Is there anything wrong with that in Shariah? I dont know.

    Buying and selling shares in the stock market is perferctly halal, providing that one follows certain guidelines (like avoiding buying shares in interest-based banks etc)
  4. saif.iisi
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    saif.iisi New Member

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    It is halal....

    It is halal if u listen to any surah in my phn while walking in the street.Contact islamic school waytoquran.tk for details....

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