As salaamu alaykum,
May everyone have a blessed and wonderful weekend with their families.
I have 2 questions,
I’m currently working for a conventional finance company whose main core business is issuing identifiers for funds that are not listed on the stock exchange (think of it like LSE but for unlisted funds) and issuing identifiers for companies as a part of regulatory reporting rules imposed by the government. These companies may do derivative transactions, shares and forex trading. What’s the halal status of my job? I’m a bit worried as I have no control the companies’ transactions.
I’m looking into a career change into compliance field within financial services industries. I’m interested to do something related to FinCrime prevention, KYC and AML (Anti Money Laundering)/CTF (Counter Terrorism Financing) type of stuff. Unfortunately majority of these jobs are offered by conventional banks where I live. Another possibility is working for a consultancy firm or Big 4 accounting firm or Gov department who hire FinCrime analysts to do projects for banks/financial industries.
The job responsibilities are usually monitoring transactions (could very well be using the bank’s system), screening sanctions, reconciliation, risk management etc. Would it be something halal to have a career in?
I appreciate your advice in this @Mufti_Faraz_Adam @Mufti_Billal @ibrahimkhan