Thursday | 18 April 2024 | 9 Shawaal 1445

Fatwa Answer

Question ID: 1150 Category: Dealings and Transactions
Stock market

In stock they give you margin to use and we have to pay 5% to use the margin is it permissible ?

الجواب والتوفیق من اللہ

In this business, the brokers generally receive interest. Therefore, if interest is involved in a deal, it becomes forbidden.

However in case of a different arrangement, we will need more details to review and advise our judgment.

فقط  واللہ اعلم بالصواب