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: FtawySummary from Ftawy's records · added here 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.
Summary from Ftawy's records · added here
Reviewed by El Fatwa's sharia committee.
Read the full answer on Ftawyhttps://ftawy.com/en/questions/17514
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- Ftawy
- Original fatwa ID
- 17514
- Added here
- . This is when the answer was added to El Fatwa, not the fatwa's date.
- Text
- Summary from Ftawy's records, reviewed by El Fatwa's sharia committee.
- Read the full ruling
- Read the full answer on Ftawy