Is my income as a para-planner Halal ?

Fatawa Question

Is my income as a para-planner Halal, since I will be doing the research but not the advising on the different products (life insurance, mortgages, fixed interest bonds, mutual funds with non shariah compliant companies etc.) ? I am currently training as a para-planner at a small independent financial advisory firm and I wish to become a qualified financial adviser. The firm has a target Muslim clientele of around 1 % and therefore the scope to adopt a shariah compliant adviser is very small but this may change as the organization is moving more towards ethical investments. Also, when qualified, I will be concentrating on investments, and not protection, i.e., mortgages, life insurance, etc. As you know asset allocation must be made up of bonds. How do I make my income Halal ? E.g., do I remove the percentage of income from these asset classes from income and give to charity etc. ?

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2011-01-10

Country of Publication

United Kingdom

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Income
• Customer services
• al-Halal and al-Haram

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726476

• APA
• MLA
• AMA