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FAQs
Subject
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Trading
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Stock Trading
Intra Day Trading
Date: 16 SEP 2022
Answered By: Management
Question
Is Day trading allowed as per Shariah norms?
Answer
Day trading has little to do with actual investing. Usually day traders watch the market and buy and sell on short-term price fluctuation (normally within one day). For this reason, a number of Islamic scholars have termed this as closer to gambling and thus it is prohibited.
Allah Knows Best...