Is Margin permissible if you close position before end of day so 0 interest charged?

📈 Investing & Markets Stocks
#1

Salaam,

If I use margin for a day trade, is that permissible so long as I close by position before 4pm so no interest is charged? i.e. no overnight holding

#2

any thoughts on this?

#3

Isn’t day trading impermissible and not shariah complaint. So from that point of view margin trading will be impermissible as well, as interest will be charged the next day.
This is what I searched and and got, please consult a scholar on this matter.

#4

Why would day trading be not shariah compliant?
Yes if you hold overnight then interested will be charged that is obvious.