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Working for Investment Banks

Answered according to Hanafi Fiqh by ShariahBoard.org

Assalamualaikum Warahmatullah 

I am a software developer and just got a job in one an investment bank. Is it permissible to work for investment banks? I heard that investment banks do not work like commercial banks.

Walaikumassalam Warahmatullahi Wabarakatuhu

الجواب وباللہ التوفیق

We are unaware of the details of the type of work and method of operation of an investment bank. We are also unaware of the actual details of the work you will be performing for them. Therefore, it is advisable to write your question with these details in order to get a ruling.

 

This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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