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Islamic (Halal) Investing in Shares

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Hi,

I am intending to use the Spread betting account for Short Selling, in order to take advantage of the (short term) downward trend of price i.e. Sell at high first then Buy at low to gain profit.

 

In the Forward contract section of Spread betting account, Im not charged any interest on the Margin/Leverage (provided by IG). 

 

Rather I am charged a higher spread. That is it.

 

Is it a form of halal investing as per the rules of Islamic laws?

 

Thanks. 

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