Working in companies that have some Haram activities : majoring and working in finance

Fatawa Question

Bismillah al Rahman al Rahim Alhamdu Lillahi Rab al Alamin, Wa al Salatu Wa al Salamu Ala Sayyidina Muhammad, Wa Ala Aalihi Wa Sahbihi Ajma'in Dear Shaykh Monzer, Thank you for your e-mail in the other day. I still would like to ask for an advice about the internship or training. Alhamdulillah, until now my grades in Finance and Accounting, Logistics, Marketing and Economics are above 7. So I have the possibilities to do a major on one of all this subjects especially Finance and Accounting, Logistics, Marketing. First, I wasn't considering Finance (conventional) because it dealt with interest rates and other thing. However, since I started to read articles, books, etc... On Islamic finance, banking, and investment, I started to consider doing major in finance and accounting (conventional) to be able to understand the Islamic way better. My question is : Is it permissible for me to do my training by a conventional Bank or Finance Institution keeping in mind working in this institutions one will help make contracts based on Riba so on ? Please give an advice. And how can I deal when learning in economics Finance, Investment how banks create money ? Keeping in mind that all their principles are based on interest. I find it very difficult you know learning something that I do not believe or y that it is Haram according to my RAB. I ask Allah to continue to give you Tawfiq in everything HE loves and is pleased with. Wa Salaam, Barry

Fatwa

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Publication Date

2010-01-15

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732224

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