[zxh800]

(Original post by Person1001)
Is working in actuary halal?

This is one perspective.

[Person1001]

(Original post by zxh800)
This is one perspective.

I know all the perspectives I've seen so far say its not permissible.
What to do? what to do?

[zxh800]

(Original post by Person1001)
I know all the perspectives I've seen so far say its not permissible.
What to do? what to do?

I guess there's always accountancy... I need to research careers more in-depth myself given that I'll be studying Economics and am looking to go into finance. So, if you don't mind, please let me know how you get on.

[Prokaryotic_crap]

(Original post by Person1001)
I know all the perspectives I've seen so far say its not permissible.
What to do? what to do?

First time in my life I've heard that view (that it's haram). Actuary is a very very extremely good career, I wanted to do it badly but couldn't for certain reasons, and I'm encouraging my cousin to do it. If you really want to do it, pray istikharah and tawakal 3lAllah. Good luck!

This is just my opinion

[Extricated]

Leading on from that, what's everyone's views on working in investment banking/sales and trading?

[Prokaryotic_crap]

(Original post by Extricated)
Leading on from that, what's everyone's views on working in investment banking/sales and trading?

Nothing wrong with any of those professions AFAIK. Speaking of trading, I'm gonna attend a seminar on trading soon inshaallah.

[Extricated]

(Original post by Prokaryotic_crap)
Nothing wrong with any of those professions AFAIK. Speaking of trading, I'm gonna attend a seminar on trading soon inshaallah.

Sounds good, but I've heard from various sources that they are haram. I very much doubt it though.

[huricane katrina]

woke up half an hour after sunset ,had to open it late. is it still accepted

[Mohamad_Muslim]

(Original post by huricane katrina)
woke up half an hour after sunset ,had to open it late. is it still accepted

Make sure you pray the magrib.

Next time try to wake up and pray the Asr if you hadn't and the prophet said.

As soon as you start your fast don't eat/drink etc and as soon as you can close your fast eat ASAP but since you were asleep, No problem just ask Allah to forgive you if you missed a prayer and eat/drink and all that and Ramadan Kareem.

[Perseveranze]

Your fast will still count.

[Perseveranze]

(Original post by Prokaryotic_crap)
First time in my life I've heard that view (that it's haram). Actuary is a very very extremely good career, I wanted to do it badly but couldn't for certain reasons, and I'm encouraging my cousin to do it. If you really want to do it, pray istikharah and tawakal 3lAllah. Good luck!

This is just my opinion

If an Actuary deals with interest in any way (which is almost always the case), it's not really permissible to do.

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<QUESTION>

Is it permissible for an individual to work in an actuary firm, and, more generally in an Insurance company? Which area in finance would you recommend a Muslim to work in?

<ANSWER>

In the name of Allah, Most Compassionate, Most Merciful,


If one’s job in an actuary firm entails calculating insurance premiums, calculating risks and costs of insurances, providing advice and other statistical information on insurances and basically making the technical calculations required for the pricing of insurance policies, then it will not be permitted to take up that job.

Sayyiduna Abd Allah ibn Mas’ud (Allah be pleased with him) narrates that the Messenger of Allah (Allah bless him & give him peace) cursed the one who accepted usury, the one who paid it, the witness to it, and the one who recorded it. (Sunan Abi Dawud, number 3327)

As explained in many earlier answers, all prevalent forms of commercial insurance are unlawful, as they involve Riba transactions in one way or another. To be directly involved with interest-based transactions is not permitted, and as such, advising on insurance policies will not be permitted.

Then there is also the aspect of the source of one’s income that needs to be considered. If the firm pays one’s salary from the profits it makes through the sale of insurance policies, it will not be Halal for one to take that salary, as the company would have made this profit through unlawful means.

Therefore, generally employment in an insurance company must be avoided, as explained in many previous answers.

If one is unemployed and has to support his dependants, then one will be excused until an adequate alternative job is found. Many scholars have permitted to continue working and using the income for the needs of oneself and one’s family until one finds a suitable job. At the same time one must seek forgiveness from Allah Most High for one’s actions and pray to Him to extract him from this sin.

Note that if the job in an actuary firm is not connected to insurance policies but rather it consists of applying financial analysis to a wide range of business problems, then it would be permitted provided there is no other reason of prohibition.

And Allah knows best

[Mufti] Muhammad ibn Adam
Darul Iftaa
Leicester , UK

http://www.daruliftaa.com/question?txt_QuestionID=q-19423823

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Question: insurance company
i was wondering is working in an insurance firm or even working as an independent actuary(one who calculates the amount of insurance premium) halal in islam?


Answered by: Ulamaa ID 04 (London)
Date: 10/01/2009 23:32pm

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


It will not be permissible to work in such a place where writing, assisting, recording and advising of interest-based transactions and insurances are involved.

The Messenger of Allah (Sallallahu Alaihi Wasallam) invoked curse (La'na) on the receiver of interest, the payer of interest, the scribe and the two witnesses, and he said: They are the same (i.e. in sin). (Sahih Muslim)

Please also see: http://www.muftisays.com/qa.php?view...&question=3093


And Only Allah Ta'ala Knows Best.

http://www.muftisays.com/printqa.php?question=3970

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End of the day, if you really think you can become an Actuary and somehow dodge interest, then there's no issues with that. But, I don't think it's something to take lightly and should be thought about carefully.

[Indo-Chinese Food]

(Original post by Person1001)
I know all the perspectives I've seen so far say its not permissible.
What to do? what to do?

According to islam, all professions that involve calculation of interest are haram - this then includes actuaral, banking and investments, corporate finance, hedge funds, futures and various others which you could argue also have an elemnet of gambling in them too. Its up to you if you insist on binding yourself to eidicts written 1300 year ago or not, but stricktly speaking a practicing muslim is forbidden .

[Prokaryotic_crap]

is it haram to sometimes think Allah plays practical jokes on you?

[Perseveranze]

(Original post by Prokaryotic_crap)
is it haram to sometimes think Allah plays practical jokes on you?

Why would you think that? Allah doesn't play jokes on people, everything happens for a reason.

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«"And We did not create the heavens and the earth and that between them in play. We did not create them except in truth, but most of them do not know. Indeed, the Day of Judgement is the appointed time for them all."» [44:38]

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It's not befitting to say or think something like that. Think well of Allah, as it is said in a Saheeh hadith;

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The Prophet (sal Allahu alaihi wa sallam) said, “Allah the Most High said, ‘I am as My servant thinks (expects) I am. [Sahih Al-Bukhari]

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Commentary;

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Ibn al-Qayyim (may Allah have Mercy upon him) said in regards to this hadith:

“Most people – in fact, all of them except those protected by Allah – assume other than the truth, and assume the worst. Most people believe that they are deprived of their rights, have bad luck, deserve more than what Allah gave them, and it is as if they are saying: ‘My Lord has wronged me and deprived me of what I deserve,’ and his soul bears witness to this while his tongue denies it and refuses to openly state this. And whoever digs into his soul and comes to know its ins and outs will see this in it like fire in a triggered explosion…And if you dig into anyone’s soul, you will see that he blames fate and would rather have something else happen to him than what actually did, and that things should be this way or that…So, dig into your own self: are you protected from this? If you are safe from this, you have been protected from something great. Otherwise, I do not see that you have been saved.” [Zad al-Ma’ad]

“The more you have good expectations of your Lord and hope in Him, the more you will rely on and trust in Him. This is why some explained true reliance and trust to be having good expectations of Allah. In reality, having good expectations of Him leads to relying on and trusting in Him, as it is unthinkable that one can trust in someone that he has bad expectations of or no hope in, and Allah Knows best.” [Tahdhib Madarij as-Salikin]

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[sophia_]

My friend wanted to know of the potential existence of a Hadith.

Apparently it states something along the lines of a person becoming haraam for you (in the sense of not being able to marry them) if fornication of the tongue is committed.

Does anybody know of such a Hadith and if so could they please reference and give further light on to this subject area.

[Perseveranze]

(Original post by sophia_)
My friend wanted to know of the potential existence of a Hadith.

Apparently it states something along the lines of a person becoming haraam for you (in the sense of not being able to marry them) if fornication of the tongue is committed.

Does anybody know of such a Hadith and if so could they please reference and give further light on to this subject area.

Asalaamu Alaikum,

Maybe they are referring to these two hadiths;

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"The fornication of the eyes is the sight (to gaze at a person of opposite sex), the fornication of the tongue is the talk, and the heart (inner self) lusts and desires and the private parts testify all this or deny it." (Aboo Hurayrah, Bukhaaree)

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"Eyes fornicate and their fornication is the look, ears' fornication is listening, tongue's fornication is talking, hands' fornication is touching and feet's fornication is walking (for that purpose). The heart lusts and desires and the private parts either confirm it or deny it." (Muslim)

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The above is Zina (provided you do it on purpose, because sometimes, you can gaze at someone by mistake and that's not Zina), regardless of whether you actually committed sexual acts together or not, the only difference is; sexual acts has a hadd punishment in Shariah, whilst Zina with the tongue/eyes does not. (Though, this is not to say that if a person sexually harassed others, either by touching or continuously gazing at them/checking them out, then the Jurist can still carry out a "Tazir" punishment to deter them).

It's connected to this verse which refers to the tongue/eyes when it says; "don't even go near zina";

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“And do not even go close to Zina! Truly, it is a gross obscenity and an evil path (to go down).” [al-Quran, 17:32]

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The commentary of this is;

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Imaam al-Qurtubi (may Allah have mercy on him) said:

The ulama said that the phrase And come not near to unlawful sexual intercourse is more eloquent than merely saying Do not commit zinaa, because the meaning is, Do not even come close to zinaa. This means not doing any deed that may get close to zinaa or lead to it, such as being alone with a member of the opposite sex, touching, looking, going to evil places, speaking in a haraam manner to a woman to whom one is not related, thinking about and planning immoral acts, and so on.

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As it is for two people who commit zina (be it eyes, mouth or privates), they can't marry one another until they've sincerely repented for their actions. Once they repent, then marriage is permissible.

[sophia_]

(Original post by Perseveranze)
..

Thank you Mr. Perseveranze, I'll pass this on to my friend.

Salaam

[pyaesone]

Is it true that a Muslim men are allowed to marry the People of the Book ( i.e Jewish and Christian women) ?

[IdeasForLife]

(Original post by pyaesone)
Is it true that a Muslim men are allowed to marry the People of the Book ( i.e Jewish and Christian women) ?

Yes that is true.

[getoom]

Should you give charity if you have debts?

(Original post by Perseveranze)
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