I’ve always avoided anything with investment banking because I would think that they are a usual bank with interest dealings. However, I have been searching different IB and their descriptions and none of them seems like a conventional bank. They are more like a source of investment for a certain industry like healthcare or real estate. If I find a job at a ‘small investment bank’ who focuses on healthcare or real estate under the role of valuation or something, would that be haram?

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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.

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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

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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!

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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.

Looking to get input from a muslim here who are already in this industry

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