The Preservation and ... Date Added: 05-01-2022

Freedom of Expression and ... Date Added: 22-12-2021

Between Strictness and ... Date Added: 21-12-2021

The Road to Love Date Added: 07-12-2021

World Interfaith Harmony ... Date Added: 29-03-2022

Factors Supporting Love & ... Date Added: 13-02-2022

Dealing with Family ... Date Added: 01-02-2022

The Honest Military Model; ... Date Added: 20-01-2022

Search Fatawaa


Subject : Ruling on Working in Islamic Banks

Fatwa Number : 793

Date : 24-06-2010

Classified : Leasing

Fatwa Type : Search Fatawaa


Question :

What is the ruling of Sharia on working in Islamic banks?



The Answer :

Praise be to Allah the Lord of the Worlds. May His peace and blessings be upon our Prophet Mohammad and upon all his family and companions.

There are two types of Islamic banks:

First: Sharia-compliant where specialized committees are in charge of supervising various transactions and developing policies. It is permissible to work for this type and the given wages are lawful.

Second: Sharia-non-compliant where transactions aren`t supervised by any committee and staff member is entrusted with tasks that violate the teachings of Sharia. It isn`t permissible to work for this type under the cloak of "Islamic Bank." And Allah the Almighty knows best. 






Comments

 

Name *

E. mail Address *

Country

Comment Title *

Comment *

Captcha
 
 

Warning: this window is not dedicated to receive religious questions, but to comment on topics published for the benefit of the site administrators—and not for publication. We are pleased to receive religious questions in the section "Send Your Question". So we apologize to readers for not answering any questions through this window of "Comments" for the sake of work organization. Thank you.