Is investment banking haram?

It's more calculated risk assessments. I'm also looking to enter than career, the work needed to get into top office though. Been offered a conditional to study in Investment & Financial Risk Management with Cass which is most likely my first choice. I think people connote anything with banking as Haraam because of the dealing with Riba although that's less prominent within IB divisions such as S&T/ Risk Analyst, from my knowledge.

Who gives a ****

If it's what you want to do, do it. Changing your whole career plan would be stupid.

Trust me know what you're saying but its religion...

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It's more calculated risk assessments. I'm also looking to enter than career, the work needed to get into top office though. Been offered a conditional to study in Investment & Financial Risk Management with Cass which is most likely my first choice. I think people connote anything with banking as Haraam because of the dealing with Riba although that's less prominent within IB divisions such as S&T/ Risk Analyst, from my knowledge.

You could say that anything is "gambling" really, because nothing is risk-free.

Starting a business is gambling, because it might not do very well. Leaving your money in a bank is gambling, because it might go bankrupt and lose your money. Buying foreign currency is gambling, because its value might plummet as soon as you get it. Not buying foreign currency is gambling, because the value of your own currency might plummet. Et cetera...

I think the Islamic prohibition on gambling is in reference to things like betting all your money away in a casino where the odds are deliberately stacked against you, and the thing you're betting on (e.g. the spin of a roulette) has nothing to do with the underlying value of the service you're providing to or receiving from anybody.

Lol....stop trying to excuse yourself into working in IB under some flimsy argument.

Ask yourself this, is becoming a doctor more moral than becoming a performance analyst? Which would God favour?

I remember my imam saying some things in Islam are frowned upon but not sinful however if you repeatadly continue the act then it does become sinful. So at the very least banking is a sinful industry if we are talking under an Islamic paradigm.

I personally am a very liberal Muslim so it doesn't bother me too much. Although I have decided that I want to spend a few years actually helping society rather than for my own needs (which most of IB is about)

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I'm not really interested in becoming a doctor. So what about IB is Haram, specifically? Say in S&T / M&T / Risk Analyst & such divisions. I understand that retail banking has major dealings with interest and Riba is Haram (full stop).

Analysing whether shares are going to go up or down depending on economic performance/companies past date/current elasticity of demand? or making calculated predictions on the FOREX. You haven't a clue what you're talking about. In fact there's Islamic hedging and all sorts. What is that anarchy in bold.. where did you hear this, provide me with an example .

You could equally say working in sainsbury's is sinful because you may be obliged to serve unlawful goods. Regardless of which is morally right, IB has better wage prospects and that money is better off doing something 'Moral' (as you'd like to put it) than say working as an accountant and not being able to do much with your money. I'm not doubting that there's other careers that are more useful to helping humans but the reality is the financial industries accumulate much more wealth and social development for a country (looking in terms of economics) and to say IB is Haram because being a doctor is better is a weak argument.

It's definitely not gambling, but it does involve interest doesn't it?

100% gambling

its like saying taking khat is not haram( just because its not alchohol)

haram as eating bacon or drinking alcohol

deals with usury and gambling( ie hedge funds, USUAGE OF PRIVATE INVESTMENT )


lUXRAY, if you worked in IB you committed haram acts... that is a fact.