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.

Your username proves to be just a tad contradictory.

Reply 24

Ladbants

21

Original post by Reality Check

What's a kuffar?

It means disbelievers, someone not muslim

Reply 25

UWS

21

Just had a quick peek at your thread history and found that you were interested in asset management.

https://www.thestudentroom.co.uk/showthread.php?t=4433840

So because of religion, you are going to scrap what you're interested in?

Reply 26

Bloom <3

7

Original post by Reality Check

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

I would suggest you collect info about the book before jumping into any conclusion

Reply 27

Reality Check

22

Original post by Bloom <3

I would suggest you collect info about the book before jumping into any conclusion

As I said before, I don't have time to read fiction but it seems a popular book.

Reply 28

mashbbk

18

You shouldn't advise people, you aren't qualified, sorry.

Reply 29

Bloom <3

7

Original post by mashbbk

You shouldn't advise people, you aren't qualified, sorry.

If u are talking to me then i am happy to say that i am more then qualified about the topic

Reply 30

Percypig17

10

So what about all the accountants/finance workers in majority Muslim countries like the Arab world? Should they quit? And do those nations not need these positions?

Reply 31

mashbbk

18

Original post by Bloom <3

If u are talking to me then i am happy to say that i am more then qualified about the topic

I was referring to the thread starter - I don't know what you have posted or your qualifications :colondollar:

Reply 32

Bloom <3

7

Original post by mashbbk

I was referring to the thread starter - I don't know what you have posted or your qualifications :colondollar:

I see

Reply 33

username2858058

17

I think you should think twice before making these sweeping comments. Calling something haram when it's not isn't a small matter.

Those jobs mentioned in the OP are very broad, and each one needs to be critiqued properly and consulted with by someone qualified before we can say whether it is permissible to work in such a role or not.

Posted from TSR Mobile

Reply 34

mashbbk

18

Original post by faith 101

I think you should think twice before making these sweeping comments. Calling something haram when it's not isn't a small matter.

Those jobs mentioned in the OP are very broad, and each one needs to be critiqued properly and consulted with by someone qualified before we can say whether it is permissible to work in such a role or not.

Posted from TSR Mobile

Yep!

Reply 35

Al-farhan

20

Original post by Bloom <3

If u are talking to me then i am happy to say that i am more then qualified about the topic

What might your qualifications on the topic be?

Reply 36

BigTraderBoi

OP

2

Original post by UWS

Just had a quick peek at your thread history and found that you were interested in asset management.

https://www.thestudentroom.co.uk/showthread.php?t=4433840

So because of religion, you are going to scrap what you're interested in?

I used to be interested in it, before I found out about how riba (interest) is involved. It is not permissible in Islam due to this. I will find a new passion to pursue, one that is permissible inshallah

That's why I made this thread, I don't want other Muslims to make th mistake I almost made

(edited 7 years ago)

Reply 37

Bloom <3

7

Original post by Al-farhan

What might your qualifications on the topic be?

There were two topics that we were talking about at that time which one are you talking about?

Reply 38

Al-farhan

20

Original post by Bloom <3

There were two topics that we were talking about at that time which one are you talking about?

The topic you said you were more than qualified for?

Reply 39

jam276

1

Original post by Al-farhan

The topic you said you were more than qualified for?

I can talk about the specifics of the financial sector, and its relation to interest, and how nearly every company worldwide relates to interest. The only "dodgy" ground is Investment Banking.

MUSLIMS- Finance careers are HARAM

Related discussions

Latest

Trending

Trending

Articles for you