Investing in Share Market

Is it allowed to make entry in share market according to Islam? Please explain.

It is allowed to purchase the shares of any company for business or investment with some stipulated conditions laid by the Shariah board. But the Satta (fixing/gambling) which is nowadays common in share market is disallowed and haram. This is not intended to purchase share and own it, neither one takes possession of the purchased items, but only oral or contractual transaction takes place without taking the possession of the asset and only the profit or the losses are settled This is gambling/ speculation thus unlawful.


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