Halal Stock Trading and Halal Stock Brokers; Know What’s Allowed And What’s Not
The question is indeed important but challenging. We have done deep research for you and we are here to help you understand the concepts of stock trading in a better way so you won’t fail to follow the pious rules of Islam. We are a group of Islamic followers like you to whom religion is very important.
Stock Trading is among the most popular investment options that people are pursuing. But, an obvious question comes in our mind if it’s Halal or Haram to perform. According to pious Islamic rule, trading for currencies and stocks under some special conditions is permitted and it’s not counted as a sin. If you are new to this investment platform and concerned about it because of our pious Islamic rules, we are here to help. We will give you a quick bottom line for this — Anything you trade without knowing its results and your end goals is Haram. If you are putting your money into anything and trying to portray results based on your desires is a sin according to Islamic rules.
But, if you are doing stock trading by examining the ongoing trends, calculating its results and understanding its complete market flow, you are doing a sincere job. When you trade-in Stocks, you own a part of that organization. As you are a part of the company, you are not doing gambling.
According to the pious rules of Islam, In any field, if you not taking riba from the business, it’s counted as Halal. Riba could be defined as any portion of the profit that is unjustifiable with your work. In Islam, riba is strictly prohibited. That’s why we at Halal Trading Brokers connect you with professional Islamic Brokers to get started with Stock trading.
Is Stock Trading Halal or Haram?
Stock trading is a completely Halal process and we have done our deep research to bring you the best explanation to you. When you do stock trading, you become a part of that organization by purchasing a certain percentage of that company in the form of stocks. And, it is permissible in Islam to own a portion of any business.
When you purchase stocks, you are not gambling but doing your sincere duty being a member of that company. But, it’s very important to understand the fact that you are only trading with a Halal broker that follows all the pious Islamic Rules to back you from failing in any principle.
You need to take care of the fact that you are trading only using a swap-free account. A swap-free account is a special Islamic account that lets you trade in a riba-free way. In a swap-free account, you don’t have to pay or receive any kind of commission or roll-over charges to hold the stock position overnight. In this way, you and the broker both follow Islamic laws and only trade adhering to the current stock price.
Most of the people commit the mistake of contacting a Haram broker and they end up opening a normal trading account. We at Halal Trading Brokers are on a continuous search for the best professional Halal Stock Brokers across the world. We connect you with only Halal Brokers who will help you open a Swap-free account for stock trading.
Stock trading is Halal but there are a few points that you must keep in mind such as:
- The Stock Broker should be a professional Halal Broker that will follow all the Islamic rules strictly.
- You should have an Islamic Swap-Free account to start trading in stocks.
- Make sure you are not receiving or giving any kind of commission or roll-over charges. Dealing with Riba is strictly prohibited in Islam and its a sin.
How To Find Halal Stock?
The prohibited products include alcohol, drugs, gambling, companies that operate on roll-over interests, fashion companies that deal with tattoos (as tattoos are not allowed in Islam) If you plan to purchase a stock, make sure the company is not involved in any of the about criteria.
There are a few rules that decide whether a stock falls under Halal or Haram. The company in which you are investing should be socially responsible and not involved in any kind of prohibited products. Check out pious Islamic rules for choosing a company for investing:
- The company should not be selling any prohibited products including alcohol, drugs, pornography, and other similar category products and services.
- You are advised to invest your money into socially responsible companies that are involved in charity, providing affordable treatments to the needy and so on.
- Even if a company is a subsidiary of an organization that deals with prohibited products, you should avoid investing your money into that company.
But, you don’t need to do all this research and analysis as we have already done this for you. As Halal Trading Brokers, we only connect you with the best professional Halal broker that only trades in Halal stocks. All you need to do is just fill the contact form and we will find the best Halal broker for you all around the world.
Top Halal Companies Stocks To Invest In
We need to take care of the fact that we are investing in Halal Stock only. You don’t have to search for them, we have already researched for you. We’ve carefully selected the best Halal stocks that are riba-free. Check the list of stock below:
- Air Products & Chemicals
- Prologis Inc.
- Rio Tinto
- Salesforce – NYSE: CRM
- Texas Instruments – NASDAQ: TXN
- Merck & Co.
- Exxon Mobil
- Saputo Inc – TSE: SAP
- Adobe Inc. – NASDAQ: ADBE
- Johnson & Johnson – NYSE: JNJ
- Canadian National Railway – TSE: CNR
- Magna International
- Pfizer – NYSE: PFD
- Dupont – NYSE: DD
- Abbott Labs – NYSE: ABT
- Chevron Corp.
- BHP Group Limited
- Gildan Activewear
- Intel Corp – NASDAQ: INTC
Apart from these Halal stocks, you can easily invest in other stocks by checking the company from the above-mentioned criteria.
We Find and Vet The Best Halal Stock Brokers for You
Don’t worry about finding the best Halal Stockbrokers to get started with trading. We at Halal Trading Brokers connect you with the best professional brokers that are practicing the Islamic riba-free trading for many years.
Abiding by the Islamic laws are of high importance to us and we are in constant search for Halal Brokers all around the world. We want you to be safe while trading ensuring you are not breaking any pious Islamic rule.
If you are new to stock trading, you should start investing in it now. As the world is moving fast towards digitalization, the investment formats are also changing. Stock Trading is among the fastest-growing platforms for diversifying your portfolio in the right Islamic way.
We have helped hundreds of Muslim traders by finding them a Halal broker using our community network. Stock trading is not Haram if you are doing it in the right way. And, we are here to help you grow in the right direction. Join the biggest Halal Trading investment opportunities with us. Contact us right now to get started.