MUSLIMS- Finance careers are HARAM

Most finance careers, including accounting, actuarial, investment banking, investment management and others involve working with debt. In western societies, this involves riba (interest) which is forbidden in Islam. Working in any place that deals with interest and helping these firms is haram.

I would like to let you know because I didn't know about this until recently. It's astounding how many jobs indirectly deal with debt and this poses a challenge for Muslims. I'm not saying "don't do these careers if you're muslim" but I am letting you know that the Quran forbids these activities.

Most finance careers, including accounting, actuarial, investment banking, investment management and others involve working with debt. In western societies, this involves riba (interest) which is forbidden in Islam. Working in any place that deals with interest and helping these firms is haram.

I would like to let you know because I didn't know about this until recently. It's astounding how many jobs indirectly deal with debt and this poses a challenge for Muslims. I'm not saying "don't do these careers if you're muslim" but I am letting you know that the Quran forbids these activities.

It's not that deep babe.

Just chill..

Most finance careers, including accounting, actuarial, investment banking, investment management and others involve working with debt. In western societies, this involves riba (interest) which is forbidden in Islam. Working in any place that deals with interest and helping these firms is haram.

I would like to let you know because I didn't know about this until recently. It's astounding how many jobs indirectly deal with debt and this poses a challenge for Muslims. I'm not saying "don't do these careers if you're muslim" but I am letting you know that the Quran forbids these activities.

There are Islamic banks with shariah supervisory boards even in the west for example al-rayan bank, Europe Arab Bank and Gatehouse Bank to name a few. They use a workaround, for example the bank will buy the house and sell back in instalments for a profit instead of a mortgage or charge an arrangement fee payable in instalments rather than a loan with interest, to avoid interest but the end result is effectively the same though the side effect is that the collateral is usually far stricter as the bank owns it until every penny is paid which means that in the case of default the bank doesn't have to reclaim the asset through the courts.

Seems a bit silly doesn't it. Like either you believe in the religion, in which case don't lend money for profit, or you don't so you can go to town. But if you do believe, don't try and loophole your God with a workaround the any reasonable person would conclude is the exact same thing as lending money for interest!

Most finance careers, including accounting, actuarial, investment banking, investment management and others involve working with debt. In western societies, this involves riba (interest) which is forbidden in Islam. Working in any place that deals with interest and helping these firms is haram.

I would like to let you know because I didn't know about this until recently. It's astounding how many jobs indirectly deal with debt and this poses a challenge for Muslims. I'm not saying "don't do these careers if you're muslim" but I am letting you know that the Quran forbids these activities.

From personal experience, a Muslim should avoid being a Financial Advisor and also avoid Investment and Wealth Management professions.

Will update this in a few months when I have changed jobs.

Again, I'm not telling Muslims or anyone to avoid these jobs. I'm just saying that jobs involving riba are forbidden in Islam. You can then make a decision on where you want to take your life.

Wow, you people would consider working hard for many years to enter a competitive profession only to jack it all in because of a storybook. Amazing!

I've got far too much factual stuff to read I'm afraid, and though I do like reading fiction I just don't seem to have the time for it these days

Well then you can't call it a storybook if you've never read it.

Umm, why? It's got stories in it - it's a storybook.