Financial analyst

Answered according to Hanafi Fiqh by Muftisays.com
Prev Question
Next Question
Assalam Alykum,
Is it permissable for a muslim to work as a financial analyst, determining the intrinsic values of company’s shares on the stock exchange and giving recommendations for investment in an investment advisory company


Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

The job of a financial analyst will be permissible, if your dealings does not involve in Haram transactions like, Riba (interest), insurances etc. In addition, it is also not permissible to advice or encourage others to deal in Haram transactions.

And Only Allah Ta’ala Knows Best.

Moulana Qamruz Zaman
London, UK

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.