Working in companies that have some Haram activities : relationship manager for mutual funds brokers

Fatawa Question

[Question One] : Dear Brother Wallikum us Salam Thank you brother for your reply. You have given me freedom from my tension I am working as a relationship manager who is supposed to handle brokers who get the applications for the mutual fund. My job is managing the relationship and getting the business. Also, sometimes the brokers ask me about debt funds or fixed maturity funds which give interest and I am supposed to give them the information is this ok ? I am not responsible weather the equity fund is investing in any non-Islamic company. It’s the job of the fund manager Also I want to know should I take incentive given to me on debt investment. Allah Hafiz [Question Two] : Assalamu Alaykum I need your help desperately. I am working for a Mutual Fund distributor in India we sell all equity and debt funds. We sell through our channel partners and don’t go to clients directly. We guide the channel partners and they get business. My company will also be starting insurance (Life + Non-Life) I just need to know that working for this organization is Halal ? Please reply me at earliest Allah Hafiz Faraz

Fatwa

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Publication Date

2009-06-03

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-732161

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