Category: Business Matters
Fatwa#: 39408
Asked Country: United States

Answered Date: Jan 28,2018

Title: Working in an investment bank

Question

Assalamualaikum..I am a bcom graduate..my specialisation is FINANCE ..I want to know that can i work in investment banks?? An investment bank is typically a private company that provides various financial-related and other services to individuals, corporations, and governments such as raising financial capital by underwriting or acting as the client's agent in the issuance of securities... Can u please show me the right and halal path to start my career??? 

Answer

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

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

May Allah increase your consciousness of earning halaal income. May Allah grant you halaal and wholesome income. Aameen.

In order for us to issue you a ruling, we need to know your role in the investment bank. However, the concept of underwriting is not permissible.

And Allah Ta’āla Knows Best

Muhammed Al-Ameen Bin Moulana Ismail Akoo

Student Darul Iftaa

Newcastle; KZN, South Africa 

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.