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Hi Fishes, I recently joined Pwc AC and was informed to update my checkpoint portfolio where we update all our investments. If we have some investments and if we do not declare them, will it be a problem or can I update it as Nothing to report. Recently I joined here so I'm having some confusion regarding this.
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Senior producer - 140k / New York
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Ramadan is 3 months away already 😅
Dang, sorry I meant to comment on the post!
So glad I found this bowl
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Almost everything in the world you deal with has some kind of debt backed by interest. Even using this app.
Stop trivializing about these things and try to understand the essence of the message of Allah. Do not use interest to exploit people.
Legitimate interest on debt as part of economics, is totally okay and that’s how the society works.
Rising Star
You are wrong. Read the end of Surat al Baqarah.
People who deal with interest have waged war against Allah and his prophet (not a even fight btw).
Don’t bother responding I don’t care goodnight
Hey I’ve been in the industry for 15 + years.
No, it’s not haram. IBS raise capital for companies. So they help say Google raise investment capital from institutions such as Fidelity and even from SWF such as the government of Saudi Arabia.
Trading side is speculative but you don’t have to do that.
There are also functions such as equity research which is basically research.
It’s a great career. Get in!
Capital can be debt or equity. So Fidelity can make an equity investment.
Or the company can raise debt or issue bonds which it then repays.
Either way this is not exploitative. People buy shares electively. No one is forcing investors to buy anything and they can also sell their shares.
So if the business is run in a fair and transparent way it’s legitimate and Islamic.
Conversation Starter
Looking to get input from a muslim here who are already in this industry