10-27-2004, 10:41 PM
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I think trading is 'haram' as long as it is on the lines of 'speculative trading' where the trader buys and sells in advance and settles his account on a certain future date. In which case, he does not own the scrip and sells/buys its before the deadline for it expires.
Going by mere logic the regular trading may not be haram since you buy a product (with its risks and rewards) and sell it.
I have not come across on any fatwas on this issue so far..
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
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I do quite agree to Mr Pracs,, as selling and buy stocks is just as a normal trade, as far as u posses the stock. which i guess is also called T+3..
and as for the speculative trade is concerned, as per my knowledge it is haram...
But if anyone can come up with some fatwa that will be highly appriciated...
Regards.
HUMA
I think trading is 'haram' as long as it is on the lines of 'speculative trading' where the trader buys and sells in advance and settles his account on a certain future date. In which case, he does not own the scrip and sells/buys its before the deadline for it expires.
Going by mere logic the regular trading may not be haram since you buy a product (with its risks and rewards) and sell it.
I have not come across on any fatwas on this issue so far..
"Allah does not change the state of people unless they change what is within themselves" Quran 1311
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
I do quite agree to Mr Pracs,, as selling and buy stocks is just as a normal trade, as far as u posses the stock. which i guess is also called T+3..
and as for the speculative trade is concerned, as per my knowledge it is haram...
But if anyone can come up with some fatwa that will be highly appriciated...
Regards.
HUMA
