Question
In stock they give you margin to use and we have to pay 5% to use the margin is it permissible ?
Answer
بِسْمِ اللهِ الرَّحْمٰنِ الرَّحِيْمِ
الجواب وباللہ التوفیق
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
Fatawa ID: 1150
فقط واللہ اعلم بالصواب