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You are here: Home / FAQs / Consultant for Mutual Investment Fund

Consultant for Mutual Investment Fund

May 31, 2016

Question

Is working in a firm which works as consultant or liaison between investors and mutual fund investment companies right according to Islam?

Answer

A consultant in modern day companies will be called upon to advise investors on interest schemes and riba relater matters. This is not permissible. One should not choose to work there. However, if one is already working there, then continue working, but in the meantime try to get another job. However, the income will not be haraam, even though the act of advising people on interest and riba is sinful. One who continues working there should make a lot of istighfaar until he gets a different type of job.

Allah knows best

Mufti Siraj Desai
Darul-Uloom Abubakr

 

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