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Education in Finance

Last updated: 5th April 2006
Question ID: #1709
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5th April 2006

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

Ulamaa ID 04
Answer last updated on:
27th January 2009
Answered by:
Ulamaa ID 04
Location: London

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.