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Becoming a financial advisor

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I have a question regarding a job as a financial advisor. Is it permissible to be a financial advisor or haram if I am working in a financial institute and NOT the banking sector. I was studying financial advisor mutual fund, when I heard that working as a fianancial advisor in any sector is haram, so I left the study.

Bismillaah

A: We do not know whether this institution revolves mainly around haraam or not.

And Allah Ta’ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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