Scholars differ Money & business
Most contemporary scholars permit buying shares in companies whose main business is lawful, with conditions. Shares in companies whose main business is haram (alcohol, interest-based banks) are forbidden. Scholars differ about companies that are mostly lawful but have a small amount of interest income, and about margin buying and short selling, which most forbid. Check the company and ask a scholar.
يَٰٓأَيُّهَا ٱلَّذِينَ ءَامَنُوا۟ لَا تَأْكُلُوٓا۟ أَمْوَٰلَكُم بَيْنَكُم بِٱلْبَٰطِلِ إِلَّآ أَن تَكُونَ تِجَٰرَةً عَن تَرَاضٍۢ مِّنكُمْ ۚ وَلَا تَقْتُلُوٓا۟ أَنفُسَكُمْ ۚ إِنَّ ٱللَّهَ كَانَ بِكُمْ رَحِيمًۭا ﴿٢٩﴾
مومنو! ایک دوسرے کا مال ناحق نہ کھاؤ ہاں اگر آپس کی رضامندی سے تجارت کا لین دین ہو (اور اس سے مالی فائدہ حاصل ہو جائے تو وہ جائز ہے) اور اپنے آپ کو ہلاک نہ کرو کچھ شک نہیں کہ خدا تم پر مہربان ہے
This is general information, not a fatwa. For your own situation, ask a qualified scholar.
Most contemporary scholars permit buying shares in companies whose main business is lawful, with conditions. Shares in companies whose main business is haram (alcohol, interest-based banks) are forbidden. Scholars differ about companies that are mostly lawful but have a small amount of interest income, and about margin buying and short selling, which most forbid. Check the company and ask a scholar.
