Fatwa: # 22128
Category: Financial Transactions
Country: India
Date: 30th August 2012

Title

Kindly let me know that does Islam permit us to work in investment bank company like Barklays investment bank and Namura INV B?

Question

Assalamukum Hazrath .

Kindly let me know that does Islam permits us to work in Investment bank company like Barcalys investment bank & Namura INV B ? Currently I’m working in Thomson Reuters – This is completely information based company ,we provide only the financial equity data for our clients .

Please let me know whether is it permissible to work in those sort of companies .

 

Jazakumullah hu Khaira ! 

Mohammed Roman

Answer

Answer:

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

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

There are many aspects to consider before analyzing the Shari’ah Compliancy of a job profile/description. Kindly inform us of the actual job description you are referring to. For example: Financial Consultant, IT consultant, accountant, internal auditor, etc.

We will only be able to issue a verdict (Fatwaa) once we have received the information in reference.

And Allah Ta’āla Knows Best

Moulana Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

 

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