Re: playing with penny stocks
its haraam as it comes under gambling.
but i would say you can do halaal investing is well like buying a stake in a company directly not through a broker, and you can keep those shares and earn dividends, but it hardly matters as these days haraam stuff is everywhere, your money must have come from a haraam transaction so it wouldnt become halaal if you use it in a halaal process, paper money itself is haraam anyway, i would say trading would be ok as we live in a riba dominated society.