ANSWER:

In Islam, it is prohibited to sell what you don’t actually possess. You are bidding over a speculation of stocks that you don’t own! This is gambling and prohibited transaction.

Some scholars say that one can buy it if the financing is less than 30%, but I couldn’t find any evidence on such an opinion! Therefore, this is not permissible.

In order for any investment into the shares of a company, two conditions must be fulfilled:

1- The line of work is halal.

2- The company doesn’t deal in Riba by financing its activities through riba or through deposits.

https://islamqa.info/en/answers/112445/ruling-on-buying-and-selling-shares

https://islamqa.info/en/answers/69941/the-difference-between-shares-and-stocks

QUESTION: I have a question regarding trading in the futures market. I know that they want a percentage and that is called riba and that is haram. But, recently I have come across a platform that doesn’t charge any fees. The platform is called Gate.io I think it is halal to trade futures in this platform because:

Halal/Haram Matters, Riba | March 21, 2023 4:51 am
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QUESTION: When we buy second hand cooking pan from non muslim, we have to wash it. But even after washing several times with soap stains remain. In non stick pans these stains are from oil, fat or food cooked previously, right? So what is the ruling after washing so many times? Is the pan pure or impure? Can it be used for cooking?
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QUESTION: In our local area there is very common financing method called chits, group of people (usually a family) agree to pay a sum of money in installments to facitator, so each month when everyone pays to facilitors, the money received will be given to a random participant. Hence making a loan facility to poor. But the facilitators receive extra installment from everyone for his service. Is halal or har