Fatwa #1985014 March 2012India
Is it Halal for me as a Muslim to sell my security product to a bank and finances companies?
Question
My friend and I have discovered a new sensor technology for perverting theft which costs very less and which is safer when compared to the present technology in the market. It is getting good demand also, but the problem is that it is mainly the finance companies and banks who will be using this technology in order to prevent theft in their institutions. So, I would like to know if it is Halal for me as a Muslim to sell my products? As the main market for this would be these finance companies and banks. Please help me.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykumwa-rahmatullāhiwa-barakātuh.
It is Halal for you to sell your products to the finance companies and banks.
And Allah Ta’āla Knows Best
Mufti Hussein Issa,
Mozambique
Mufti Ebrahim Desai.