Home » Hanafi Fiqh » Muftionline.co.za » Can I Invest in the Stock Market and Become a Broker?
Q: I have some money and I want to know if I can invest it in the stock exchange? Can I become a stock market broker?
A: There are contradictory views among the ulama with regards to trading on the stock exchange and in listed companies. Precaution requires that you avoid this. May Allah Ta`ala give you barkat.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)
This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.
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