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.
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.