Stock

The stock (also capital stock) of a corporation is all of the shares into which ownership of the corporation is divided. In American English, the shares are commonly known as "stocks". A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares.

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Even if selling alcohol is not the main business of the company, but only a small part of the income, it will be unlawful (Haraam) to buy or sell the stocks of such company.

Wassalam.

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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... Answer updated 6 months ago

As far as the stocks are permissible, and there is no wrong done to anyone and no gambling is involved, we can't say that it is not allowed.

Wassalam.

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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 7 months ago

Dealing in stock market companies and indices is allowed as far as we avoid any company which deals with unlawful business.

Dealing  online is same as dealing directly or through brokers.

Wassalam.

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Amina Inloes, Amina Inloes is originally from the US and has a PhD in Islamic Studies from the University of Exeter on Shi'a hadith. She is the program leader for the MA Islamic Studies program at the... Answer updated 10 months ago

Asking how day trading is different from gambling is somewhat like asking how getting lawfully married for an hour is different from prostitution. There is an obvious similarity between the two things, while at the same time the situation surrounding them is somewhat different.

Certainly there are some shared pitfalls between investments and gambling. There is the danger of addiction, losing one's money, obsession with money and losing focus on other things in life, sometimes some ethical questions, and so forth.

At the same time, there are some things that surround gambling that are not usually found with investing, even short-term investing or day trading.

Gambling often has no benefit for society and is often based on a game or wager that will not benefit anyone, such as card games, slot machines, or online apps. (With a few exceptions such as lotteries that fund education) In contrast, the ideal behind investing is that it contributes to a product or business which benefits society. Whether or not day trading fulfills that ideal is another question, but at least the inherent goal is different.

Gambling has often been linked to violence and personal crime.

With investing, one actually gets an asset of value, regardless of how long one keeps it, whereas with gambling, one usually doesn't. So there is an actual sort of trade. 

Casinos and betting shops prey on people who are desperate and already down and are designed to make people lose, otherwise they will not turn a profit. Even in cases where the proceeds from gambling are being used for a greater cause (such as lotteries for education), the system is designed so that the player loses, otherwise there is no point in them running it. Basically it is just another way to extract money from people.

In contrast, the underlying hope behind investing is that the business or product succeeds and that it is a win-win situation, even if, in practice, people lose out, sometimes severely.

If you walk by any place of gambling, or even accidentally end up on one of their sites online, there is often a deep spiritual malaise and a cloud of despair. In some places like Vegas, this is covered up by glitter, underdressed women, and so forth. One doesn't tend to find this in places associated with investing. 

So, these are some of the ways that gambling and investing differ on a deeper level.

Basically it is difficult to be personally or spiritually healthy when being involved in gambling, whereas that seems to be less of a concern for people who work with investments, although of course many things in life can lead to spiritual concerns and one should always be careful.

Anyway, it is always good to think about the ethics and wisdom of what one is doing, and whether or not you personally consider day trading to be ethical is something you have to consider for yourself.

It is also wise to consider the possibility of severe loss and not to put any money into investments (day trading or otherwise) that one can't afford to lose. 

So this is a slightly different approach to the question than a purely shariah answer, hope it provides some useful insights. 

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 10 months ago

If day trading is a trading in which you buy and sell on the same day,bit will be allowed provided you trade with lawful items only. Gambling is not trading at all that is why gambling is Haraam and lawful trading is not Haraam.

Wassalam.

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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 1 year ago

If the company is dealing with Halal products only and the finances were taken from non Muslim banks or financial institutions, then it is allowed to invest in its stocks.

Wassalam.

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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 1 year ago

Yes it is allowed as far as the company which issued the shares is dealing with fully lawful business.

'Wassalam.

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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

It is allowed if the hotel group does not allow or deal with Haraam business like alcohol, singing parties, etc.

Wassalam.

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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

Yes it is permissible to buy and sell stocks in the stock market in any country as far as the company is not dealing in unlawful business like alcohol, pork, usury, weapons for harming people, gambling, production of sinful materials, etc.

Shares of any company involved in unlawful activity is unlawful to deal with.

Wassalam.

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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 3 years ago

​​​​​If they close down with out any plans to restart alcohol business somewhere else, then helping them to sell stocks not linked with alcohol is allowed.

If they want to do the same unlawful business again, then it is not permissible to help them in any way.

In any case, helping in selling any material which can be used in alcohol is absolutely forbidden.

Wassalam.

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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 3 years ago

It is allowed to invest in stocks, bonds, mutual funds , cryptocurrancy . etc, but it is not allowed to invest in any share of a company which does unlawful investment or work, like alcohol, un Islamic banks, etc

Wassalam.