The chemical oxidative polymerization (OP) of 8-hydroxyquinoline (HQ) in an organic medium leaded to the formation of the C-2 and C-4 linking poly (8-hydroxyquinoline) (PHQ). The structure of PHQ was confirmed by UV-Vis, FT-IR, and H-1-NMR. The characterization of polymer was performed by TG-DTA, differential scanning calorimetry, dynamic mechanical analysis, dynamic light scattering, size exclusion chromatography, X-ray diffraction, cyclic voltammetry, atomic force microscope, photoluminescence and solubility tests. The fluorescence spectrum of PHQ exhibited an emission peak at approximately 525nm in DMSO. Accordingly, it was found PHQ emitted green light whereas HQ emitted yellow light in DMSO solvent. Optical band gaps (E-g) of PHQ was calculated to be 3.31eV. The electrical conductivities of iodine doped-PHQ and undoped-PHQ were measured with four-point probe technique. Magnetic particles was prepared by chemical precipitation of mixed Fe(II) and Fe(III) salts and modified with HQ by using an in situ chemical oxidation polymerization method in organic medium.