Category: Business Matters
Fatwa#: 37759
Asked Country: Pakistan

Answered Date: Apr 03,2017

Title: Is it halal to work in conventional asset management company as Head of Internal Audit?

Question

Is it halal to work in conventional asset management company as Head of Internal Audit. This position is independent of operations of the company. The company takes deposits from investors and mainly invests in shares of the stock exchange which may or may be shariah compliant. It also invests about 5 to 10 % in interest bearing secuities. Its income is management fee from investors. 

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

What will be your job description as head of internal audit? You may send your answer to admin@daruliftaa.net

 

And Allah Ta’āla Knows Best

Ridhwan Ur Rahman

Student Darul Iftaa
Cardiff, Wales, UK 

Checked and Approved by,
Mufti Ebrahim Desai.

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.