Is Risk Management Graduate Programme Shariah Compliant?

· 11 Ramadan 1434 AH1 min readFatwa 23732English

Question

I am a law graduate and the only positive feedback I have received was from Absa. The graduate programme I applied for and was accepted for was the Risk Management course.

I would like to query about the permissibility of working in a bank.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

Kindly submit the following information in order for us to issue a ruling regarding the “Risk Management Graduate Course”:

1. Work profile

2. Will you be providing risk management recommendations?

3. Will your work profile include insurance management?

4. Will you be involved in the risk mitigation process?

5. Will you be actively involved in all the risk management processes? i.e. identification, evaluation, data collection, recommendations, implementation, etc.

And Allah Ta’āla Knows Best

Ismail Desai,
Student Darul Iftaa
Durban, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

Answered by
Ismail Desai
Checked & approved by
Mufti Ebrahim Desai
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