Assalamualaikum. I hope you’re doing fine.
I’d like to know: is working as a quant for hedge fund halal ?
Wa alaykum salaam,
What does your job involve?
Hello Mufti,
It’s not my job yet but it seems interesting to me and I’d like to know before starting if it’s Halal or not. As for the job description, a quant (short for quantitative analyst) is a professional who uses mathematical and statistical models to analyze financial and investment data. They use their expertise in finance, mathematics, and computer programming to develop trading strategies, risk management tools, and other financial products. Quants work in a variety of industries, including investment banking, hedge funds, asset management, and insurance companies. Quants play an important role in the financial industry, helping to manage risk and make investment decisions based on data-driven analysis.