04-08-2006, 09:01 AM
salam all
selling and purchasing shares for a short term is haram becoz the intention behind at is sort of betting that is when the price of shares go up shareholder will sell it to earn
where as investing in a public company for long term and receiving dividend(as said by sajjad dar in his example) is halal bcoz here the intention is to become a member of a company and not earning in a short term
selling and purchasing shares for a short term is haram becoz the intention behind at is sort of betting that is when the price of shares go up shareholder will sell it to earn
where as investing in a public company for long term and receiving dividend(as said by sajjad dar in his example) is halal bcoz here the intention is to become a member of a company and not earning in a short term