Can I work in Investment banks like Northern trust, BNP paribas?
Published as Working for banks
Question
I am a bcom graduate. Can I work in Investment banks like Northern trust, BNP paribas?
Answer
A bank's operation mainly revolves around interest and usury. Hence, Muslims should not work at banks.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Mufti Online — Madrasah Ta'leemuddeen. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/23025
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-23025
People also ask
Is working in a bank permissible?
“A1) It is a known fact that majority of the bank’s income is from interest. Hence, if it is known with certainty that majority of their income is from a Haraam source (i.e. from the salaries earned from working in the bank),…”
Ibn Masood · 57 fatawa from 3 Darul Iftas on this
What the Darul Iftas say