Question Summary: Is it halal to work in conventional asset management company as Head of Internal Audit? Question Detail:
Is it halal to work in conventional asset management company as Head of Internal Audit. This position is independent of operations of the company. The company takes deposits from investors and mainly invests in shares of the stock exchange which may or may be shariah compliant. It also invests about 5 to 10 % in interest bearing secuities. Its income is management fee from investors.
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. What will be your job description as head of internal audit? You may send your answer to admin@daruliftaa.net And Allah Ta’āla Knows Best Ridhwan Ur Rahman Student Darul Iftaa Cardiff, Wales, UK Checked and Approved by, Mufti Ebrahim Desai.
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