03-23-2006, 04:29 PM
Profit earned through purchasing and selling shares in short term is not called dividend. Dividend is as defined by "shahzada".
Investment in a company for the sake to earn return on investment is not haram, because you are financing the company for further investments and/or activities and you get return on your investment in the company in the form of dividend.
But trading securities in short term (short selling) is not considered good in islam.
ICAPians, the unparalleled..
Investment in a company for the sake to earn return on investment is not haram, because you are financing the company for further investments and/or activities and you get return on your investment in the company in the form of dividend.
But trading securities in short term (short selling) is not considered good in islam.
ICAPians, the unparalleled..