Shorting of stocks

Aslamualiekum,

I am new to this group and trying to find if shorting of stocks is permissible or not ? I do know few of our Muslim brother does it and they have their reasoning it can be done. I want to know from Mufti sahab if its permissible or not. If its not I would need a reasoning if possible so I can explain them.

Jazak Allah Khair.

From what i have read we can only sell what we own when we buy cryptocurrency or shares we are the true owner of them it represents our percentage share in the project
But in case of futures and leverage trading you don’t own anything its all contractual if you win you get usdt if you lose broker sells your holding and gets usdt, just like betting

1 Like