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Originally Posted by BengaliPagol
well from the Islamic perspective from what I have read it isnt because you become a part owner of that company. .
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Buying stocks is not gambling. When you purchase stocks, you buy a piece of the company. It sounds like gambling for people who lack understanding of the this simple fundementals. Our prophet was a businessman himself. Buying stock is no different than owning your halal store with 3 partners.
However what company you buy into matters. There are funds specially cater to Muslims ie Halal that avoid investing in companies that deal with alcohol, cigarettes, guns, pornography etc.
Quiet some time ago, one of those fund was in the news because it was beating the market quiet handsomely for a while.. apple being their number 1 company.