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    (Original post by BigTraderBoi)
    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.
    If what you say is true than 2/3rd of the jobs in the planet would be forbidden for muslims.

    Also, Muslim Nations like Saudi Arabia, UAE have prospered due to these 'haram' jobs building empires on their empty dessert lands. What would Allah say?

    If Muslims can spend more time spreading peace and love than the world would be a better place rather than advising other muslims what job is haram or not.

    Peace.
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    (Original post by jameshoward2009)
    If what you say is true than 2/3rd of the jobs in the planet would be forbidden for muslims.

    Also, Muslim Nations like Saudi Arabia, UAE have prospered due to these 'haram' jobs building empires on their empty dessert lands. What would Allah say?

    If Muslims can spend more time spreading peace and love than the world would be a better place rather than advising other muslims what job is haram or not.

    Peace.
    Well, in theory at least, I would imagine that you can't pick and choose which parts of the holy desert book you follow (most Muslims inevitably do this, but live in denial about it).
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    I've been looking for a thread like this for ages. So I'm a first year and have started to get my head around with banking and what not. I have a particular satisfaction with Investment Banking (ECM/Lev Finance). In addition, I particularly enjoy equity research (at bank that is) and technical trading eg Derivatives or trading in the FX market (although this is dying out).

    Outside investment banking, being an equity analyst at an asset management firm or working in corporate finance/audit with the Big 4 seems like a great option too.

    Anyways, my question is whether anything I've mentioned above would be a sin? If so, could you recommend me any halal jobs within the financial sector. (I do a economical/financial degree so I'm quite limited with choices).
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    (Original post by ozilll)
    I've been looking for a thread like this for ages. So I'm a first year and have started to get my head around with banking and what not. I have a particular satisfaction with Investment Banking (ECM/Lev Finance). In addition, I particularly enjoy equity research (at bank that is) and technical trading eg Derivatives or trading in the FX market (although this is dying out).

    Outside investment banking, being an equity analyst at an asset management firm or working in corporate finance/audit with the Big 4 seems like a great option too.

    Anyways, my question is whether anything I've mentioned above would be a sin? If so, could you recommend me any halal jobs within the financial sector. (I do a economical/financial degree so I'm quite limited with choices).
    CF/Audit/Advisory at Big 4 is fine. Transac services is probably passable too, anything IB related (pretty much all sectors within) is dodgy at best, haraam at worst.
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    (Original post by jam276)
    CF/Audit/Advisory at Big 4 is fine. Transac services is probably passable too, anything IB related (pretty much all sectors within) is dodgy at best, haraam at worst.
    Even equity research? Let that be at a bank, an asset management firm or a hedge fund?
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    (Original post by ozilll)
    Even equity research? Let that be at a bank, an asset management firm or a hedge fund?
    That's a more difficult one. You could describe equity research as the guy one step removed from the bankers, on a basic level you're just analysing stocks and providing that analysis to traders and investors. Can't say for sure it's haraam (or permissible, neither can anyone else here without extensive knowledge of BOTH Islam and the Finance industry) but it's probably a similar topic of debate as to selling alcohol when working in a supermarket for example.
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    (Original post by jam276)
    That's a more difficult one. You could describe equity research as the guy one step removed from the bankers, on a basic level you're just analysing stocks and providing that analysis to traders and investors. Can't say for sure it's haraam (or permissible, neither can anyone else here without extensive knowledge of BOTH Islam and the Finance industry) but it's probably a similar topic of debate as to selling alcohol when working in a supermarket for example.
    I totally agree.
 
 
 
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