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Trading in Somalia: Top Platforms, Rankings, Guides and more
Quick Guides
How to Buy Amazon Stock in Somalia
Founded in 1994 by magnate Jeff Bezos, Amazon is, by far, the largest e-commerce company and the second-largest in cloud services. Due to the COVID-19 pandemic, with basically the whole globe turning to online shopping, the company's income has increased exponentially.
Buying Amazon (AMZN) stock is as easy as purchasing any product on Amazon. In this guide, we will explain how to invest in Amazon shares from Somalia with a display of some of the best available brokers, the incredible potential of this company and its value, the trends, and the fundamentals of investing in the world's favourite online shopping platform.
How to Buy Google Stock in Somalia
Google has created an empire with its online advertising business model. It's hard to tell at this point if their business model is maturing or if the growth potential is still in an 'unlimited' phase. The diversification of its business model, with its Android system, and so many recognized platforms such as YouTube, Gmail, Maps, Drive, among many others, ensures Google's growth for the upcoming years.
Google's share price continues to grow year after year, being one of the fastest-growing companies due to the variety of technologies developed by the computer giant. Alphabet is the trading name of the conglomerate of companies that includes Google. It has seen an exponential rise in revenue in recent years.
In this guide, we will explain how to invest in Google shares from Somalia with a display of some of the best available brokers, the incredible potential of this company and its value, the trends, and the fundamentals of investing in the world's favourite internet search engine.
How to Invest in the Stock Exchange in Somalia
The first question that you need to answer is: Do you aim to invest in shares that trade in the Somali Stock Exchange, or, Do you prefer to invest in Shares of international companies (Like Apple or Google) trading in the major exchanges (Like the New York Stock Exchange or the London Stock Exchange?. Do not worry: the process is similar, and we will detail both options in this article. We will also present you with a list of international brokers that allow you to trade global financial assets from Somalia [As some of the best options are not available to local residents].
How to Trade US Stocks from Somalia
US Stocks. What could we add that hasn't been said or written about them? The US Stock Market (mainly composed of the New York Stock Exchange and the Nasdaq exchange) results from hundreds of years of fulfilled American dreams and a wannabe to the rest of the world. American Stock Markets experience an enormous influx of capital from the rest of the world. It has grown significantly and steadily over the last 100 years (Despite 2 World Wars, financial crashes, pandemics and, more recently, a new war in Europe). There are countless success stories, movies, series, and books about the American Stock Exchange and the companies that issue shares in it. For those investors in Somalia that hold a balance in Shilling, whether it's a large or a small bank account, this article attempts to explain (in plain English) how to buy US stocks without being too cryptic or too simplistic. Without further introduction, let's get started.
Top Trading Platforms available in Somalia
Top Rankings
Best Trading Platforms offering Islamic Accounts for Investors in Somalia
The term 'Shariah-compliant' is used in Islamic Finance to denote that a financial product or service complies with the principles of Islamic Law.
Often, people get confused between the various fatawa and are unsure which ones to even believe in. But unfortunately, most fatwa websites are not experts in finance and investments, and no fatwa website will have someone providing commercial and practical insight.
The term 'Shariah-compliant' is used in Islamic Finance to denote that a financial product or service complies with the principles of Islamic Law.
Often, people get confused between the various fatawa and are unsure which ones to even believe in. But unfortunately, most fatwa websites are not experts in finance and investments, and no fatwa website will have someone providing commercial and practical insight.
Somalia is mainly an (Ash'ariyah) Sunni Islamic country and partly practices Sufism. For this reason, and considering that it's an important subject to take care of, we have compiled the top 3 trading and investment apps available to local investors that offer Shariah-compliant investment accounts.
Best Brokers with Low Minimum Deposit for Investors in Somalia
The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. A trading platform that offers a low minimum deposit facilitates access to the world of financial investments for those about to start the journey. So, if you are a Somali investor and do not wish to compromise a significant investment, we include three of the top regulated Brokers that will not require you to move your Shilling bank balance.
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