Question ID: #7302
Question: is my job halal
is my job permissible working at an investment bank

my job role is:

Maintenance of Xplan including the following:
o Ensuring that all client workflows and tasks are carried out and completed in line with company policy.
o Ensure client data is up to date.
o Submit new business to centralised Financial Planning Administration, including provider and product.
o Inputting fees.
Working with support teams in Liverpool for queries relating to Investment Management clients
Using Pulse to maintain client data
Develop and maintain effective relationships with clients, colleagues and 3rd parties.
Ensure all client packs and paperwork are prepared ahead of client meetings, including requesting valuations.
Request specific policy information from product providers, 3rd parties via email and telephone.
Answered by: Ulamaa ID 04 (London)
Date: 31/07/2022 01:29am

بسم الله الرحمن الرحيم

الجواب حامداومصليا

Working at an investment bank will not be permissible as the main source of income generates from usurious dealings. Also, aiding in clients interest transactions.

‌ۖ وَلَا تَعَاوَنُواْ عَلَى ٱلۡإِثۡمِ وَٱلۡعُدۡوَٲنِ

and do not help each other in sin and aggression.(5:1)

Please view this:

And Allah knows best

1 Muharram 1444/31 July 2022

Mufti Qamruzzaman

London, UK