Private Equity Funds

[Mufti_Faraz_Adam]

Assalaamu alaykum,

Kindly see the following:

Investment Banking / M&A careers

Assalaamu Alaykum dear brother, There is a difference of opinion on this matter with scholars on both sides and good arguments on both ends. My teachers and colleagues are of the view that it depends on multiple factors and a one-size-fits-all answer does not always work. With regard to seeking a job, as a principle, one should seek to be employed in a Shariah compliant firm. Islam is a values-based system of life and we should seek to be in places which align with the values and morals we be…

In regard to the carry, it all depends if the private equity is Shariah compliant. If it is Shariah compliant, the carry will be permissible. If not, then receiving equity and dividends will not be Shariah compliant.