Working in conventional bank : CEO for a big western venture capital company

Fatawa Question

Dear Amo Monzer, Assalamu Alykum ! In Sha Allah you are well and in the best of conditions ! Since you are a Qatari resident at the moment, congratulations on winning the competition for hosting the world cup (only if you approved of the bid in the first place, of course). I am e-mailing because I have a very important question regarding a highly interesting job offer that I received. Since all information given me by the company is confidential, I would be glad if you could give me confidential advice, as always J, Jazakumu Allahu Khayr ! I have been offered the position of that wants to open up an office in the Middle East. As CEO of that organization, my tasks would include building a number of diverse teams to start different companies in the e-commerce business, an area which has yet to take off in the Middle East. The company and its investment philosophy is not Muslim. Hence, in their portfolio they have a number of e-commerce projects that do not fit the Islamic moral and business code (for example, e-dating websites). I wonder to what extent that should impact my decision making process to accept or reject that job offer as CEO. I am sure I can refuse to work personally on specific projects (like building a dating website for the Middle East). However, by creating the infrastructure for the company (establishing contacts with Middle Eastern High Potentials and Entrepreneurs, advertisers, etc.) in the Middle East I am basically paving the way for others to embark on projects that I personally would not necessarily work on. My motivation to work for this company is simple : It offers me an immense learning opportunity and also a possibly high financial return. I cannot imagine another job where my learning curve would be steeper. However, Alhamdulillah, I have very good job offers already on the table that do not have such implications (If I reject the offer of CEO, I would start as Consultant with Mckinsey in Riyadh / Saudi Arabia In Sha Allah). Still, from a personal, career, learning and financial perspective, I believe starting with the venture capital company would be bring me forward more strongly than any other job. I would be very glad if you could offer me a piece of advice on what would be the best course of action for me here. I am sorry to bother you with this question and thank you highly for your precious guidance and support. Jazakumu Allahu Khayr-you have always been there for me over the years and have contributed significantly to my personal development. Thank you very much and all the very best to you and your family In Sha Allah ! Wassalamu Alaykum Wa Rahmatu Allahi Wa Barakatuh,

Fatwa

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Publication Date

2010-12-11

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-730901

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