To invest is to allocate money in the expectation of some benefit in the future. In finance, the benefit from an investment is called a return. The return may consist of a gain (or loss) realised from the sale of property or an investment, unrealised capital appreciation (or depreciation), or investment income such as dividends, interest, rental income etc., or a combination of capital gain and income.
Investing in companies dealing with interest (Usury) as a source of their income e,g, banks and lending companies etc is not allowed in Islam. Money earned from such companies is unlawful as well.
1. Investing in the stock market is allowed as far as you avoid the shares or bonds of unlawful business like usury, alcohol, sinful films, gambling etc.
2. Khums is obligatory on your wealth on the your date of Khums. You must calculate the real market value of your stocks on your date of Khums.
Direction of the market includes lawful and unlawful companies dealing with usury or alcohol etc. We are not allowed to deal with any unlawful company. Dealing must be with shares of company doing a real trade, not a gamble, and away from unlawful business.
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.
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.
- If all the products of the company are usually suitable for lawful business but some persons can misuse it, then it is permissible to invest in it. But if any product is designed for unlawful business like manufacturing alcohol bottles or a software for gambling or usury or marketing alcohol, etc, then it becomes unlawful to invest in such company.
If your father gives you the pocket money as a gift for you with out any condition, you can then spend it as you wish in lawful expenditure or save it or invest it. No one will have then right on that money or ask you to return it. If your father gives you pocket money for spending and not for saving or investing, then he has right to ask you to use it for your expenses only and return the amounts which were not used in your expenses.
Most of parents give their children pocket money with out condition.
Being poor is not an excuse not to pray, in fact praying increases wealth, material and spiritual.
First, begin by performing your prayers, once that has been done. Other things, like seeing the ahlulbayt in dreams might be possible.
Muslim is not allowed to support marketing unlawful business like alcohol, usury, etc.
Your investment should never promote any business which is against the orders of Allah (SWT).
Yes it is permissible as far as the ownership is properly obtained. The rental income from such properly owned or even properly mortgaged will be then permissible as well.
Short selling is permissible as far as it does not harm the livelihood of people to a considerable size.
Yes you can buy shares of such company as far as their business activities are lawful according to Islam and you don't know that they take interest from Muslims in usury.