Lo Capital Market if it was permissible aims to bring together the entrepreneurs who need capital to investors with a surplus of money, so the real sector may rise. In this way, the production of both goods and services can increase untukk meet people's needs, and also open employment for many people. Things like that halal, with no record gharar (fraud) or usury which reduces the rights and harming investors.
After that, the company run by an injection of capital investors. Indeed such cooperation (Mudlorobah or Musyarokah) that if in the modern era may be called the joint venture has been known and permitted in Islam as long as no deception-deception.
In a Hadith Qudsi, Allah says:
"I was the third of two people who were bersyarikat, during which one party does not betray his friend; if one betrayed his friends, then I will come out from among them that." (History of Abu Daud and Justice and he was apart)
Razin in the book of Ibn Jami'nya add: (and future prince of darkness).
"And Help you over good and tagwa." (Al-Maidah: 3)
Some Muslims think that the buying and selling shares on Stock Exchange (Stock Market) is permissible, while others are considered unclean because including speculation or gambling. Which is correct? For Muslims, if there are such differences, we should hold back on the Koran and Hadith
"O ye who believe! Atilah ta` ta `Allah and the Messenger atilah (His), and ulil in authority among you. Then if you differ on something, then return it to Allah (the Qur'an) and Prophet (Sunnah), if you truly believe in Allah and the Last Day. That is more important (for you) and a better result. "[An-Nisaa: 59]
We do not claim to be the most correct, but the real revelation is no doubt for the righteous, and obey the commands of the Prophet is the Qur'an. The Qur'an is also known as Al Furqon, which distinguish with a false haq. For that, we should be guided by the Koran and Hadith, not just based on our own opinions.
Some say that the sale of shares permitted for reasons similar to buying and selling other goods such as fruit or rice. This is not right. Shares were both goods and the value is not clear, so the buying or selling is a speculative action. Never mind stocks, although the fruit only permissible, but if the conditions are not clearly prohibited for sale:
According to Jabir; "s.a.w. Messenger prohibit the sale of fruit before it matured. "(Hadith Bukhari history).
Anas also said, "The Messenger s.a.w. Munabazah prohibits clothing that is sold to customers by throwing before he had time to examine or see it; He also forbade Mulamasah, selling clothing with only the touch before the buyer could see it; Muhaqilah He also forbade the practice of selling corn that linger in exchange for empulurnya net corn; Mukhadarah instead he forbade the sale of items not yet ripe or green; and Muzabanah He also banned the sale of fresh dates (already processed) and the sale of fruits ripe yet still on the subject. "( Bukhari hadith)
"From Jabir bin 'Abdullah ra said: the Prophet Muhammad forbade the sale and purchase contract fruit orchard for several years" (Muslim).
Why did the Prophet prohibit it? Because it is speculative actions, even if the fruit is kosher. If ripe fruit, buyers benefit, but if not cooked or rotten, then the buyers loss. So it is with stocks. The Prophet forbade the sale without the seller giving the opportunity for the buyer to examine goods purchased, such as only holding without seeing, or just thrown away. In a sense, almost all buyers in the stock market buy stock without ever going into the company and see if it was true assetnya accordance with the financial statements or not.
Some say the sale of shares in terms of lawful because it was lawful muamalah anything unless there is the argument against it. In the hadith of the Prophet, we know that the association formed between the entrepreneur and the company's existing investors at the time of the Prophet and allowed. At the time of the Prophet, there are no investors who bought shares memperjual, therefore there is no "ban" for buying and selling shares. But there it means the sale of shares permitted? Surely we are not going to see a ban on drugs or playing poker in the Koran and Hadith, but that does not mean that using drugs or playing poker was lawful.
"They ask thee concerning wine and gambling. Say: "In them is great sin and some manfa` at for humans, but the sin is greater than both manfa `atnya". And they ask thee what they spend. Say: "The more than necessary." So God explained the Signs unto Him that you may think, "[Al Baqoroh: 219]
Drugs classified as a cleric for making drinking alcohol and the mind does not function as poker classified as gambling, because at some win, some are losing or suffering. From the Qur'anic verses above also clear that there is consideration of the benefits with mudlorot or damage that could cause. If more than mudlorotnya benefits, let alone buying and selling stocks, which include the pilgrimage even if the situation required a very dangerous and can cause death (for example a major war in that region), could fall law.
Why the sale of ordinary goods such as basic needs such as rice, fish, or even speculation kosher clothing can happen (although a bit and is also forbidden in Islam) lawful, while buying and selling stocks haram? Since the first benefit is greater than the danger. Without the sale, such as rice, life will not run. People can not eat unless he or make their own plant. But without the sale of shares, people can still live without the slightest disturbance. In fact it is more useful, because he could do something real.
Charlie Sheen who acted as Bud Fox, a young stockbroker who admire Gordon Gekko (master player who shares sly), advised his father (Martin Sheen) in the movie Wall Street to try / work with his hands to produce tangible products, rather than playing the stock did not produce anything but money from other people.
In one hadith, the Prophet also said that Allah loves those who worked with his own hands. Not people who just sit around to buy shares, hoping one day to capital gains.
"There is no better food than the results of his own efforts." (Narrated by Bukhari)
"It is not one of you to eat a better meal than to eat the results of his own" (Bayhaqi)
Even the Prophet never kissed Sa'ad bin Mu'adh ra when he saw the work at hand Mu'adh. As he said: "(This is) the two hands of a loved Allah, the Exalted"
Buying and selling shares on the secondary market, if the trend chart goes up, maybe all will be happy. But if you chart a straight horizontal, then if the fluctuations, there will be winners and some losers. Just like gambling. If there is a win, then there must suffer. There's no way all prosper. For example for a profit, we have to buy at low prices and sell at high prices, for example, we buy stock at a price of USD $ 1000 and sold it at a price of USD 2000. To get there are like that, there must be a must buy at high prices (USD 2000) and sold at low prices (USD 1000). We may win, but the others lose.
In the cases declining trend graphs, even worse. There is little loss, there is also a great loss to have to sell the house or lose billions of dollars. The last example is a case of suicide of a player who lost stock, so that customers money amounting to Rp 500 billion just disappeared. I also observed, from the transactions of shares between the years 2002-2003, there are losers securities transactions up to USD 150 billion, there is also a win to Rp 300 billion. The victory of the stock players generally come from the loss of other players.
"Verily Satan is going to cause enmity and hatred among you because of (drinking) alcohol and gambling, and hinder you from remembering God and prayer; then stop you (from doing the job)." [Al Maa-idah: 91]
