What is the ruling on trading in international stocks and bonds online?
Financial and business markets in our current era often involve unlawful transactions or those that include unlawful elements, especially online, due to the prevalence of ambiguity (gharar) and ignorance (jahalah) within them. Therefore, a Muslim must be cautious and ensure that any transaction adheres to the rulings of Islamic Sharia and is free from religious prohibitions. The buying and selling of bonds are impermissible. As for trading in shares, its ruling varies depending on the companies' activities and the method of dealing with them.
Summarized from the full answer at Ftawy · reviewed Sep 2, 2026
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