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edit approved Aug 28, 2013 at 11:10
Sam M
edit approved Aug 28, 2013 at 11:10
Sam M
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Assalam Alaikum wrwb,

I live in North America and work for a IT company. Alhamdulillah I make quite a bit of good living with little or no saving. A friend of mine who is or seems to be a good practising muslim, introduced me to STOCK OPTIONS, basically I studied 300pages book to understand how it works. Now when I am at the Urge of starting an account and start working on CALL, PUT, PURCHASE of stocks, Before that I felt I should refer more on it bcozbecause I really dont want to earn any haram living. I know the basics of chosing the right investment(i.e. No riba, check for the equity source of earning(no banks, insurances etc). I request ifIf people of knowledge throw some light on this on the basis of QURAN and HADEETHAHADEETH. Looking for unambigious answers. I also have intention(neeyat) to give 20% for charity on all my stock earnings.

Jazakallahu khair in advance and mayMay Allah(swt) bless your efforts!!

Assalam Alaikum wrwb,

I live in North America and work for a IT company. Alhamdulillah I make quite a bit of good living with little or no saving. A friend of mine who is or seems to be a good practising muslim, introduced me to STOCK OPTIONS, basically I studied 300pages book to understand how it works. Now when I am at the Urge of starting an account and start working on CALL, PUT, PURCHASE of stocks, Before that I felt I should refer more on it bcoz I really dont want to earn any haram living. I know the basics of chosing the right investment(i.e. No riba, check for the equity source of earning(no banks, insurances etc). I request if people of knowledge throw some light on this on the basis of QURAN and HADEETH. Looking for unambigious answers. I also have intention(neeyat) to give 20% for charity on all my stock earnings.

Jazakallahu khair in advance and may Allah(swt) bless your efforts!!

I live in North America and work for a IT company. Alhamdulillah I make quite a bit of good living with little or no saving. A friend of mine who is or seems to be a good practising muslim, introduced me to STOCK OPTIONS, basically I studied 300pages book to understand how it works. Now when I am at the Urge of starting an account and start working on CALL, PUT, PURCHASE of stocks, Before that I felt I should refer more on it because I really dont want to earn any haram living. I know the basics of chosing the right investment(i.e. No riba, check for the equity source of earning(no banks, insurances etc). If people of knowledge throw some light on this on the basis of QURAN and AHADEETH. Looking for unambigious answers. I also have intention(neeyat) to give 20% for charity on all my stock earnings.

May Allah(swt) bless your efforts!!

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Syed
Syed
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Investing in stock OPTIONS halal? or haram? or ambigious

Assalam Alaikum wrwb,

I live in North America and work for a IT company. Alhamdulillah I make quite a bit of good living with little or no saving. A friend of mine who is or seems to be a good practising muslim, introduced me to STOCK OPTIONS, basically I studied 300pages book to understand how it works. Now when I am at the Urge of starting an account and start working on CALL, PUT, PURCHASE of stocks, Before that I felt I should refer more on it bcoz I really dont want to earn any haram living. I know the basics of chosing the right investment(i.e. No riba, check for the equity source of earning(no banks, insurances etc). I request if people of knowledge throw some light on this on the basis of QURAN and HADEETH. Looking for unambigious answers. I also have intention(neeyat) to give 20% for charity on all my stock earnings.

Jazakallahu khair in advance and may Allah(swt) bless your efforts!!