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Financial analyst

Last updated: 31st October 2006
Question ID: #2931
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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


Bismillah

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.
Mufti
Answer last updated on:
25th April 2009
Answered by:
Ulamaa ID 04
Website
Location: London
Mufti Qamruzzaman

London, UK