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Is pursuing an MBA in Finance and working in finance haram?

Answered as per Hanafi Fiqh by Muftisays.com
I recently graduated from a university in USA and now would like to get an MBA degree. My question to the imam is that is it haram to pursue an MBA degree in Finance? Probably just pursuing a degree maynot be haram but the kind of work you do after may be an issue. Because the work that you usually do after a degree like that could range from being a Financial Analyst, Financial Advisor to Investment Banker. So is it halaal to work as any of the above mentioned positions?
Jazaak Allah Khair


Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

It will not be permissible to work as an investment banker as this job usually involves in Riba (interest) based transactions.

Financial advisor and financial analyst will be permissible, if the job does not involve in Haram transactions like, Riba (interest), insurances etc.

And Only Allah Ta’ala Knows Best.

Moulana Qamruz Zaman
London, UK

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This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

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