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Working in interest related companies organizations : working for an investment company
Fatawa Question
Assalamu Alaykum wa Rahmatullahi wa Barakatuh. Dear Dr. Kahf, First of all, I have visited your website and would like to thank you for the great effort and the immense benefit that your work has on Muslims around the world. I live in Egypt and unfortunately, Dar al Ifta has a lot of controversial Fatwas, I am not comfortable following them as is. So I would be honored to get your fatwa on a career related move I'm a CFA charter holder and have been offered two jobs, 1. Investment banking Associate in EFG Herems. 2. Private Equity Associate in Citadel Capital. In the investment banking role I will be dealing with IPOs, capital raising and Mergers and Acquisitions (given that the nature of these companies is Halal as I can choose which deals to work on). I will not be signing financing deals with banks on behalf of the client, however, it may be part of the job to advise clients on optimal capital structure (equity and leverage) and in some rare cases find a good deal with a bank for the client (but I will not sign or witness this contract). In the Private Equity Role I will be doing the acquisition part. I will research the company to be acquired and recommend the equity / debt structure for the acquisition. The leverage department in the same company then takes over, makes the deal with the banks, signs the contacts, etc... I am not part of that. Could you kindly inform me if these are Shari’ah compliant ? Sincerely, Mohamed
Fatwa
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Publication Date
2008-02-18
Main Subjects
Economics & Business Administration
Islamic Studies
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-731171
American Psychological Association (APA)
Qahf, Mundhir. 2008-02-18. Working in interest related companies organizations : working for an investment company. .
https://search.emarefa.net/detail/BIM-731171
Modern Language Association (MLA)
Qahf, Mundhir. Working in interest related companies organizations : working for an investment company. 2008-02-18.
https://search.emarefa.net/detail/BIM-731171
American Medical Association (AMA)
Qahf, Mundhir. 2008-02-18. Working in interest related companies organizations : working for an investment company.
https://search.emarefa.net/detail/BIM-731171