Becoming a financial advisor

Answered according to Hanafi Fiqh by

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.


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, 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.

Find more answers indexed from:
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week

We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!