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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