I can't find a thread here that says if investing in the stock market is haram. So I want to ask instead. Is it?
I understand why Islam is against loan sharking. You try to profit from a person who most probably is in dire need of the money (Why would he/ she subject himself/ herself to such condition). Or even interest...
But I can't understand how investing in the stock market is haram as a sister told me. She said it is because "I am not working for my money". That is, in a sense correct. I am not really working for my money, as in hard labor. But I am using my brain to predict trends. I am making my money work for me.
And, if I don't invest it in stocks, it would just be in the bank anyway. The bank would also probably loan it out...
I understand why Islam is against loan sharking. You try to profit from a person who most probably is in dire need of the money (Why would he/ she subject himself/ herself to such condition). Or even interest...
But I can't understand how investing in the stock market is haram as a sister told me. She said it is because "I am not working for my money". That is, in a sense correct. I am not really working for my money, as in hard labor. But I am using my brain to predict trends. I am making my money work for me.
And, if I don't invest it in stocks, it would just be in the bank anyway. The bank would also probably loan it out...
