Many Muslims in India are eager to invest and grow their wealth—but one question causes hesitation and is one of the most common questions asked by Muslims interested in investing:“Is the stock market halal or haram in Islam?” The answer isn’t a simple yes or no. Islam encourages economic activity and wealth generation, but within…
Saif is a prominent Islamic Banking and Corporate Finance expert. His focus lies on developing Shari’a compliant savings, credit and investment products for the Indian market. He is the Managing Partner at Zamzam Capital LLP, a Shari’a compliant wealth management firm focused on the Indian stock market. He had earlier managed Zayd Chit Funds Pvt. Ltd., which was India’s first Shari‘a compliant licensed chit fund company. Saif began his career as an investment banker working for Merrill Lynch and J.P. Morgan in New York and London. He later worked in senior roles as an Islamic Banker in Kuwait with the investment subsidiaries of Kuwait Finance House, the 2nd largest Islamic Bank in the world. Saif graduated from Bates College, USA with a double major in Economics and Mathematics and is also a graduate of the London School of Economics.