Question

Working in financial networks like Bloomberg and Telerate

273

Question

Assalaamu alaykum. I woud like to check whether it is permissible for muslims to work at Reuters, Bloomberg, Dow Jones, Telerate, ... of which the main business consists of providing systems and information for stock trading.

Related Fatwa

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

Ruling on a technician or business owner working with banks, temples, hotels, etc.

Ruling on Profits in Halal Business with Haram Income

Benefitting from income earned from a job that involves selling both permissible and forbidden items, such as pork

Ruling on using former employer's contract template in business

Working in a Company which Markets Machinery with Dual Use in Halal and Haram Activities

Ruling on ill-gotten money due to cheating

Accepted Answer

All perfect praise be to Allaah, The Lord of the worlds. I testify that there is none worthy of worship except Allaah and that Muhammad is His slave and Messenger.

Working in those networks is permissible in principle, but as for the fields that contribute to religiously forbidden contracts and deals, such as shares of usurious banks and commercial insurance companies as well as gambling institutions and so on, then working in those is not permissible.

The evidence is the general indication of the verse (which means): {…but do not cooperate in sin and aggression. And fear Allaah; indeed, Allaah is severe in penalty.} [Quran 5:2]

For more benefit, please refer to fataawa 89870 and 16335.

Allaah knows best.

Fatwa

Working in financial networks like Bloomberg and Telerate

Question

Answer

Related Fatwa

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

Ruling on a technician or business owner working with banks, temples, hotels, etc.

Ruling on Profits in Halal Business with Haram Income

Benefitting from income earned from a job that involves selling both permissible and forbidden items, such as pork

Ruling on using former employer's contract template in business

Working in a Company which Markets Machinery with Dual Use in Halal and Haram Activities

Ruling on ill-gotten money due to cheating

Search Fatwa

Fatwa Subject

Categories

Multimedia

Special Folders

Services