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Old 10-11-2012, 01:25 AM   #16
Luisabens

Join Date
Oct 2005
Posts
437
Senior Member
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Asalaamu Alaikum,

I know this isn't my thread and apologies for putting in my query into this thread. I hope this doesn't offend the original poster.

I am studying Finance at Masters level and it contains topics on Foreign exchange trading, interest rates etc. I don't know if I am meant to opt for electives that are as 'halal' as possible? It's already been three weeks in though and for a Masters programme that is already a lot in a way? 1/3 of the module done etc... not that this really affects me too much as I've perfected the 'sleeping with your eyes open' pose unfortunately! However, I'm already in a group for the coursework etc and even though I can change this particular module, I still have compulsory ones in risk management.

Also speaking of livelihood, I am studying this Masters but Insha Allah my aim is to work within Islamic Banking. And in the future (Insha Allah if motherhood is something Allah Subhaanah Wa Ta'ala has planned for me), then this is a field where I could still work from home if I wanted to or even take a break from and get back into it later on etc. I am quite strict in my view that Insha Allah I will not work in a company where interest rates are being used; hence why I hope to get a job in our national Islamic Bank Insha Allah.

In this case, what are you opinions? Does it matter if my electives are about interest rates; gambling etc ( i say gambling because this whole business of FOREX trade seems like a bit of a gamble to me with the risks one takes).
If you don't study it then how would you fix the system or atleast keep yourself safe, or atleast it can help you when you start working in Islamic Finance. I have myself taken a few such courses and I do not see anything wrong with studying it. But, I am not a scholar so you should take my advice with a pinch of salt.
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