Transactions & Dealings >> Shares & Investments

Question ID: 1398Country: India

Title: Is trading with shares of software companies is allowed in Islam?

Question: Is trading with shares of software companies is allowed in Islam?

Answer ID: 1398Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 290/590=N)

Share trading of software companies is allowed provided they invent the software and do not pirate the software of others.

Allah (Subhana Wa Ta'ala) knows Best

Darul Ifta,

Darul Uloom Deoband, India

Related Questions

Q. INVESTMENT 2818 views
Q. Right now I m doing business named RCM business it is MLM (Multi level Marketing) in this business we have to make twwo more distributor not more than that it is textile industry but now it also produces FMCG (Daily commodity goods) in this business the company gives us commission on the sale and on the purchasing goods from the company the concept of this business is that instead of giving money to the advertisers it gives commision to the distributor. As the business volume i.e. sales increases the percentile increses.But here it gives the commission from the sales.for eg if we buy a tooth paste for 32 rupees we get back 20% also as compared to other market product it is cheap. My question is that can we do this business. 6242 views
Q. Is it allowed to make entry in share market (Satta Bazaar) according to islam? Plz explain. 7663 views
Q. I wanted to know regarding bajaj allainz insurance, as they say it doesnt involve any transaction of interest, being given to us.they say they invest our money in share market and give us the profit. it also like if there is any loss incurred we are also in it. is it halal to invest in it?so many deendar people are forcing me to invest in it. what do i do? 2321 views
Q. Is it permissible in Islam to invest in mutual funds? 16386 views
Q. 400 people have bought share in a comapny, one share cost 1000. the comapny has bought 2 Houses. The share prices have gone up to 1200 due to the appreciation of properties bought. Is zakah payable on total amount 1200 or on capital invested 1000 or on profit 200. Please adivse as much as possible as i am really confused. 2531 views
Q. Salam Alaykum, I used to do investment in Mutual funds wherein when the sensex goes up I used to get fund value high and when the sensex goes down I use to get fund value low. The fund value is the value which I am supposed to withdraw. For example If I invested for an amount of Rs. 5000. Based on the market condition I will be having this amount either 4000 or 6000 and can go higher or lower. Kindly let me know is this a genuine by Islam. 4790 views
Q. Some clarification regarding Forex online Business 17480 views
Q. Can I give my shop on rent to a person who wants to open a share market office in it? Please answer quickly. 2513 views
Q. Investment and intrest 4746 views
Q. I want to save my tax?what can be the the ways permitted by shariat?can i put my money into the mutual funds which are putting the money from investers to banking,finance(loans etc),media and entertainment,although the percentage of above these sectors where the money is invested is less than 10 %?kindly guide me. 3969 views
Q. I want to know that it is haram or halal in investing share market.becoz there are different jamaat according to each there are different views i am from tableeg jamaat give further conclusion. please reply by expert mufti's views. 57695 views
Q. Fatwa on providing support services for trading in stocks 3540 views
Q. Is trading with shares of software companies is allowed in Islam? 5027 views
Q. Assalamu Alaikum Mufti Saheb. I have got an investment option where in i have to invest Rs.1,30,000 and would get a return of Rs.7500 pm. for five years and Rs.50000 at the end of five years. This is the investment plan. They say that our money will be invested in construction of apartments and i'm the temporary owner of 20 Square feet in a flat for five years for which we are getting the rent of Rs.7500 p.m for 5 years. As per my knowledge fixed income plans are not allowed. This plan also offers fixed income but they say and mention clearly that it is a rent which u receive hence it is fixed and it is obvious that rents are fixed. My question is 1) Can i invest money in this plan? 2) If yes, what if they invest our money in insurance, banks and like without informing us which is not allowed in islam. Hope my question is clear and I would be greatful if solution provided in accordance with Quran & Hadees. 3142 views

Total Questions: 9181

Faiths & Beliefs

Miscellaneous

Prayers & Duties

Social Matters

Transactions & Dealings

Title: Is trading with shares of software companies is allowed in Islam?

Question: Is trading with shares of software companies is allowed in Islam?

Related Questions