Asghar Husain asked 4 weeks ago

Assalamu Alaikum,
Are we allowed to intraday trading of stocks? Intraday trading is a type of trading where we buy and sell stocks on the same day before taking the actual delivery of shares. In Intraday trading, we have the legal right to hold or sell the shares. But, Actual delivery of shares takes 2 days for the completion of process and the actual delivery takes place post 2 days buying the stocks? Till that time, shares/stocks remain with our broker through which we are making the transaction.

1 Answers
mehdi Staff answered 4 weeks ago

أعوذ بالله من الشيطان الرجيم

بِسْمِ ٱللَّٰهِ ٱلرَّحْمَٰنِ ٱلرَّحِيمِ

As Salaamu Alaikum Wa Rahmatullahi Wa Barakatuh,

We hope this answer reaches you in good health and Islamic spirit.

Based on your specific question and information provided.

From the Islamic Fiqh / Jurisprudence perspective.
There is no objection in it per se,

والله العالم‎
(and Allah(awj) Knows best)

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