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What is the Islamic perspective on the investing in stocks and gambling?

More specifically, I am talking about gold as a commodity; would it be haram to invest and buy gold to sell it later on?

7 Responses to “Stock Market and Gambling?”

1. Paki88 on January 15th, 2009 5:41 am

   Whats haram in that that? your just buying the gold and storing it and then selling it on later, So no since buying and selling stocks is halal if it’s for a halal company not alchohol and stuff.

2. Phate on January 16th, 2009 8:13 pm

   Gambling is the investment of money hoping that you get more money back then you originally put in, while hoping you don’t lose any.

   Putting money into the stock market is gambling because you wouldn’t know if you make money or lose money, same with gold.

   And yes, according to Islam. Gambling is haram

3. HaNiFaIsSwEeT on January 19th, 2009 6:13 am

   hmm well i think my family has done that before

   bought gold wore it…the gold kinda got old so we sold it in India and bought new gold

4. Prince of Persia on January 20th, 2009 2:56 am

   Capitalism, love of money, and risking your family’s money gambling are all haram. Gold is for the rich, it is totally vain, no real value, just vanity, its entire value is based on it being something pretty the rich get to have that says they are somehow better than the poor. So incredibly haram.

   What happened to Islam that Muslims are asking questions like this?

5. Ruchjat K on January 22nd, 2009 9:36 pm

   Salam my dear Raw. Buying and selling of stocks in the stock exchange has 2 opinions.Some ulamas said that these transactions are haram or not allowed like gambling because the investor is hoping to get profit and pay for those transactions.The company who issued the trading stocks maybe produce the haram goods or services such as producing alcoholic drinks,investing its money into financial instrument which bears interest(riba) etc The opinion of another ulamas,it is allowed and not haram because the price of a stock can be analized and be estimated through its financial statements so it is different with gambling. which is impossible to be analized
   The due care muslims will avoid to make transaction which is not clear whether it is haram or halal.
   Investing(buying) in gold is clearly halal or allowed.Gold is commodity in line with syaria.We can buy and sell it later on because there is no prohibition for doing that..Trading in gold and silver and other jewelry are not haram

6. My name is not bruce on January 26th, 2009 9:16 am

   There are some varying opinions.

   Day trading is basically gambling……

   Stocks in general are not since you are purchasing partial ownership of the company. The issue there is if the company conducts halal business or not. THere is risk involved, but this is the same risk as opening your own business……or filling your gas tank on tuesday when it could be cheaper wednesday. yes..you do “hope” that the stock will go up, but same thing when you open a business, you “hope” it will make money since nothing is guaranteed.

   Gold is also fine. You figure currency is just a piece of paper…since its government backed and controlled…..its worth more than the value of the paper. Gold and silver are “real” money.

   This goes with all commodities (as long as they are halal)

7. Abbas on January 28th, 2009 12:24 am

   yes it would be haram . and extremely unpleased near God

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