hey in this article we will talk What is stock market and how it works and is the stock market haram in Islam and also we cover some related questions about stock market.
before we start our topic you must know what is stock? then you know better about stock market.
what is a stock
stock is a part of ownership in a company, industry and a company each stock has its value is depends on the company's Stock.
In a way, you become the small owner of the company when you buy the stock because the stock is a small part of the company ownership that you buy.
Do you still want to know more stock?
let's assume Arba is a Newly business man and they runs his own small coffee house but he wants to grow his business but Arba knows he'll need lot money to expand thire business. His coffee house a proper space furniture good suppliers talented etc to grow thier business.
he calculates it'll cost him one hundred thousand dollars the thing is Arba no only has twenty thousand dollars so he decides to issue stocks and sell them.
so he needs 100,000$ thousand dollars more to expand thire business his coffee house so he divides his business into nine even shares and attracts nine partners they invest $10,000.
each now Arba no and his nine partners each own 10% of the coffee house six years later the coffee business prospers Arba has opened three more coffee houses and the company's value is two million dollars.
now undiano got the capital he needed without borrowing money and paying interest he and his nine partners increased their initial investments from $10,000 to 100,000$.
but it could work the other way round for them Arba's business may fail to compete with other coffee houses in then neighbours prices for coffee beans may they up and down profits so be aware of the associated risks and make wise investment decisions.
i 100% garantie you know about stock, lets go to they main topic.
what is stock market?
stock market is a type of places where company, industries and individual are comes and buy or sell their stock in the market.
Biggest Stock Exchange in India are -
- The National Stock Exchange of India Limited (NSE)
- Calcutta stock exchange
- Madras stock exchange
- India International Exchange (India INX)
- Pune Stock Exchange
- Metropolitan Stock Exchange (MSE)
- Bombay stock exchange
- Their are Biggest Stock Exchange in India
Types of stock
There are different types of stock in current market are-
- Large Cap Stocks
- Medium Cap Stocks
- Small Cap Stocks
- Income Stocks
- Hybrid Stocks
- Growth Stocks
- Preferred & common stocks
how is stock market doing today
Good, is stock market doing today because of the shares keep up continuesly that why stock market doing today.
is the stock market haram or halal
Before you know is the stock market haram
in Islam you must know what's allah said in Verse 2.188.
There are couple of things in isalm which are prohibited in Islam. They include adulteration, bribery, usurpation, fraud and intentionally deceiving someone.
All these things are haram. When you are dealing in financial issues, you must ask yourself if you are upholding justice.
It is because justice is compulsory in all affairs of life. That is why Allah has said: And do not consume one another's wealth unjustly in verse 2.188 this is the criterion.
Whether you do business in stock exchange or any other field, you should keep this criterion in mind. If you think that you are committing injustice or taking someone’s share unfairly, you should abandon that practice.
If it is not so, you should go on and understand that most forms of business are permissible.
You can continue your business with satisfaction as it keeps the system running.
However, you must keep the criterion in mind and avoid violating it.
It depends on you that in which company you are buying shares or stock, that means if you buy shares in Halal company then your stocks will be Halal, if you buy shares in haram company, then your stocks will also be Haram, then you should know these things before buying.
You have to keep these things in your mind before buying stock.
How to find out stock is it Halal or haram?
according to islamic scholars and mufti said first of all you have to find out in the company how they earn money means what is the source income.
mean they earn from interest and they sell haram food, company cannot take load in intrest and other stuff like that than the stock or share is also haram
how we find out company is it haram or halal
there are many point to find out company is it haram or halal but we discussed some there are-
- companies does not earn money with interest, because interest haram in isalm that why the whole companies also haram.
- they don't sell or buy haram product.
- they don't sell haram food like haram meat, drinks etc.
- They should not have a loan, if these companies are take lone, then it will also come in haram. because you know that taking a loan on installments is also haram. you must research about those company before you buy a stock.
- you must buy stock with your own money, Dont but a Stock with borrow money and others stuff like that.
- You buy shares in those companies who sell dairy products, manufacturing, oil products, automobiles etc. And if you buy shares of those companies,then there is very little chance that you will buy the haram stock.
- Islamic scholars and Mufti said, when you earn money from stocks, then you should do at least 2% to 3% percent Charity (Sadaqah).
there are some point you must keep in your mind before you buy a stock
list of halal stocks in india 2021
halal shares in india 2021 i am not recommended you to buy this stock but i am give you some stock. before you buy stock pls you must research about this and see thire company how they earn money than you buy.
their are halal stocks in India are-
halal shares in india
- Apollo Hospitals Enterprise Ltd.
- Ajanta Pharma Ltd.
- Samsung
- Nestle India Ltd. Consumer
- Oil & Natural Gas Corporation Ltd.
- Atul Ltd.
- Coal India Ltd.
- Ultratech Cement Ltd
- Wipro Ltd.
- Tata Consultancy Services Ltd.
- Tata steel – None Compliance
- Philips
Is Nifty 50 halal of haram?
You have to do research, there is no idea of Nifty 50 in today's market is haram or halal, you have to go to the same company and see how that earn money,then you deside Is Nifty 50 halal or haram.
It is not necessary that all the comfort is there but we cannot say with guarantee.
my opinion
According to me then you should invest in stock market.
But you must have done a lot of research on this first. Is the stock Halal then invest in stock market. When you earn from the stock market, then Don't forget to charity (Sadaqah).
Post a Comment