What is the ruling on working as an accountant at Sitco Financial Funds Services, knowing that it is a pioneer in hedge fund management?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
It is not permissible to work in hedge funds as an accountant, manager, or anything else, due to the inclusion of forbidden contracts such as options, futures, forward contracts, and the use of financial leverage. This puts the worker involved in direct engagement with the forbidden or assisting in it. Allah Almighty said: (And cooperate in righteousness and piety, but do not cooperate in sin and aggression). It has been authentically narrated that the consumer of usury, its client, its scribe, and its two witnesses were cursed. Thus, the helper is like the doer.
Summarized from the full answer at Ftawy · imported
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- 17514
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