Darul Iftaa Mahmudiyyah

Asalaam u alai kum Is it wrong to work for a non-islamic bank? If yes, please answer why...?

· 11 Shaʻban 1421 AH1 min readFatwa 941English

Question

And if the answer is NO, please also explain. Jazakallah. Salaam

Answer

Banks and Insurance companies deal in Interest which is strictly prohibited in the Noble Qurãn and Ahaadith of Rasulullah (Sallallaahu Álayhi Wasallam).

'O you who believe! Fear Allah and leave that which remains on interest if you are believers. If you don't (abstain from Interest) then announce war with Allah and His Prophet.' (Baqarah 278-279)

Hadhrat Jaabir (Radhiallaahu Ánhu) reports that Rasulullah (Sallallaahu Álayhi Wasallam) cursed the person who takes Interest as well as the giver, the writer and the witnesses; and, added saying they are all equal. (Mishkãt p. 244)

Working in banks and Insurance companies will be assisting in sin, which is also prohibited. Allah Taãla says in the Noble Qurãn, 'And do not assist in sin.' (Maaidah 2)

In the light of the above explanation, it is not permissible to work in any department of an Insurance company or bank.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/941
Fatawa SA: https://fatawa.co.za/fatwa/askimam-941

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