Sayyed Mohammad Al-Musawi's response to Is online trading allowed? Can you please explain about the stock market and how to invest in it according to the Shariah?

Is online trading allowed? Can you please explain about the stock market and how to invest in it according to the Shariah?

Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago

Online trading is like face to face trading. It is allowed if the material is allowed and vice versa. Stock market trading depends on the activities of the company of the shares. If the company deals with non Halal ( forbidden) business like interest, alcohol, etc, then buying or dealing with shares of such company is not allowed. If the company deals with permissible activities, then dealing with its shares will be permissible.

Wassalam.