Studying and working in the other financial firms and the financial sector : seeking knowledge in finance, is it permissible?

Fatawa Question

Assalam Alaykum, My question is in two parts : first it is well known that any dealing with interests as in banks is considered "Riba" hence Haram, however much confusion arises when we speak about shares (stocks). What does Shari'ah say about them given that their value is not intrinsic but the result of much speculation (this is true for many traded stokes if not all). So I would like an answer on this. Jazaka Allah Khairan Second, I am a university graduate in finance and banking and in an English university, and considering to do a Ph.D. in Finance. Since about 90 % of the knowledge acquired is about innovation on Haram.... Then is there any merit in seeking this knowledge. Jazaka Allah Khairan

Fatwa

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Publication Date

2001-04-13

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Islamic jurisprudence
• Financial institutions
• Financing
• Labour
• Taboos
• Usury

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-724870

• APA
• MLA
• AMA