What is the ruling on the stock market and generating profits through it?
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1 Answer
Peace be upon you and God's mercy and blessings.
Grand Ayatollah Sayyid Sistani (may God protect him):
There is no issue in itself, but it is necessary to observe the conditions for the permissibility and validity of the transaction, including:
1. It is not permissible to participate with companies and banks that deal with usury, as participating in their capital means engaging in their usurious transactions unless one declares their disapproval of entering into them.
2. It is not permissible to participate with companies that invest their funds in prohibited areas, such as selling alcohol, and so on.
3. It is not permissible for both the sold item and the price to be debts owed before the contract, nor is it permissible for both to be deferred in the contract, as selling debt for debt is invalid.
Source: Official Website
Grand Ayatollah Sayyid Khamenei (may God protect him):
In general, if the activity in the stock market is in accordance with the relevant laws and Islamic standards (such as being non-usurious and not involving shares of companies engaged in prohibited activities like alcohol or pork), then there is no issue.
Source: Official Website - Question 9
May you be successful in all good.