Assalamu alaikum wa rahmatullahi wa barakatuhu,
According to the view of IFG it is permissible to work for a long only equity fund (Blackrock) or for an advisory firm such as Lazards or Mazars etc. But what I am seeking clarity is on the following (please do correct any assumptions I make):
I understand I cannot work as an equity research analyst for JP Morgan Chase because fundamentally it is a haraam company unlike Lazards which fundamentally is an advisory firm thus deeming it permissible. But when working for Lazards I would be advising on haraam stocks? Or if I worked at a long-only equity fund I would be purchasing/advising on equities and assets that are haraam in and of themselves?
So where is the line drawn, why is one permissible but the other is not? I am trying to understand the principle here and seek further clarity.
Thank you for the help.
May Allah swt reward you tenfold Inshallah.