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Trade In US Stock Indices Namely US100 And US500 Is Halal Or Haram?
There are two main indices in the US stock market, namely US 100 and US 500. The US 100 contains shares of 100 different companies that collectively make this index tradable. The US 500 contains shares of 500 different companies that collectively make it tradable. These also include companies whose direct and core business involves prohibited things like Alcohol, Pork, Gambling, etc. They make profits from these indices and involve themselves in prohibited activities.
We cannot pick and choose which company’s share should be included in our trade and which should not. Both indices collectively form their own ‘stock’—i.e., the US 100 is one stock formed by 100 companies’ investment/Shares, and the US 500 is one stock formed by 500 companies’ investment/Shares.
- Will trading in these indices be Permissible?
- By trading in these indices, will we become individual shareholders in every single company including those who involve themselves in prohibited activities?
- Will we be held responsible for their prohibited activities?“
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Trade In US Stock Indices Namely US100 And US500 Is Halal Or Haram?
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