Working in interest related companies organizations : working at a hedge fund as an attorney

Fatawa Question

Assalamu Alaikum Dr. Kahf, I attended a few of your sessions last year in Orange County and wanted to thank you again for the very informative seminars. I have a question regarding a possible employment opportunity at a hedge fund as one of their attorneys. This particular hedge fund employs a typical long-short strategy with both normal equity trading, but also short-selling (it's about 50 % for each type of security). From my understanding so far, none of their positions are in alcohol, arms, or other unlawful industries. As the attorney, I would be working in corporate group where I would advise on corporate structuring, fund formation, compliance and other administrative issues. I would probably also be advising on long-range financial goals and strategies for the company. Would it be permissible for me to work in this position ? Jazaka Allahu Khairun for your continued efforts. Salman

Fatwa

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Publication Date

2010-10-19

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-731244

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