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Working as a financial planner

Answered according to Hanafi Fiqh by Askimam.org

Salam,

        I have done dergree in economics and want to work in fiancial scetor. I am currently studying to become certified financial planner in canada. is it permissble to work as certified financial planner? 

       Can you kindly inform me about  hilal financial jobs in canada?

 

Answer

In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

Your desire to earn a Halaal income is praiseworthy. May Allaah grant you barakah in all your permissible endeavors. Aameen.

Generally, the plan of a financial planner operating within a conventional and corporate system will be based on interest, insurance, bonds, dividends, etc. all of which are un-Islaamic and haraam. If your financial plan is free of any un-Islaamic factor, then it will be permissible; otherwise, impermissible[1].

Allaah Ta’aala says,

وَلَا تَعَاوَنُوا عَلَى الْإِثْمِ وَالْعُدْوَان

Translation: “And you shall not help one another to sin and to aggression.” (Al-Maaidah v.2)

We are informed that efforts are being made to develop Shari’ah compliant finance products in Canada. Thus, we advise you to consider studying Islaamic economics and finance to serve Deen. Islaamic finance is expanding and there is a great need for professionals who have studied both, the conventional corporate system and the Islaamic corporate system to lead the path.

And Allaah Ta’aala Knows Best.

Muajul I. Chowdhury

Student, Darul Iftaa

Astoria, New York, USA

Checked and Approved by,
Mufti Ebrahim Desai.


[1] سنن أبي داود (7/ 447)

5129 – حدثنا محمد بن كثير، أخبرنا سفيان، عن الأعمش، عن أبي عمرو الشيباني

عن أبي مسعود الأنصارى، قال: جاء رجل إلى النبي -صلى الله عليه وسلم-، فقال: يا رسول الله ، إني أبدع بي فاحملني، قال: “لا أجد ما أحملك عليه، ولكن ائت فلانا، فلعله أن يحملك” فأتاه، فحمله، فأتى رسول الله -صلى الله عليه وسلم -، فأخبره، فقال رسول الله -صلى الله عليه وسلم-: “من دل على خير فله مثل أجر فاعله”

 

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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