{"_id":"69efbb2f1d0c41b29b185c92","title":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Does the settlement period affect the permissibility of stock trading before ownership is complete?\"}]}]}}","question":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"I previously asked about forex trading and was told it is impermissible. I then read that stock trading can be permissible if there is actual ownership, which was described as occurring after settlement (previously T+2, now T+1 in U.S. markets).\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null}},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Given this, does the ruling now follow the T+1 settlement cycle? Does this mean true day trading is not possible since ownership is not complete within the same day?\"}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null}},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Additionally, if a stock’s price changes significantly before settlement is complete, can one sell it, or must they wait until ownership is finalized? What about automatic stop-loss orders that execute before settlement - would those also be impermissible?\"}]}]}}","answer":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"All of these questioned have been answered. As per the Islamic Shariah, a person is not given any agency over an asset until there is a complete transfer of ownership.\"}]}]}}","tags":[{"_id":"68a505f82cc850e0af1037be","tag":"Finance: Investments & Trading","count":21}],"createdOn":"2026-04-27T19:38:23.308Z"}