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Financial Transactions,Buying and Selling,

Fatwa No :
40497
| Date :
معاملات / مالی معاوضات / خرید و فروخت

My question is related to Day Trading in the Stock Market. Is it permissible to carry on day trading, i
.buying and selling share in the same day. Exchange has a T+2 settlement period, however, the moment you buy a
share it is reflected in your account and money in your account is also adjusted.

الجوابُ حامِدا ًو مُصلیِّا ً

مأخَذُ الفَتوی

و (لا) یصح اتفاقًا لکتابۃٍ واجارۃٍ و (بیع منقول) قبضہ ولو من بائعہ۔ الخ
کما فی الدر: فلا یصح اتفاقا واجارۃ وبیع منقول قبل قبضہ ولو من بائعہ، (ج۷/۳۸۴)۔

And Allah knows best
اسد اللہ قلاتی عُفی عنه
دار الافتاء جامعه بنوریه عالمیه

Fatwa No 40497 Verify Now
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