Fatwa #3988122 September 2018India

Working in an Islamic Bank

Checked by Mufti Ebrahim Desai

Question

Is it working in Islamic bank halal? I started studying ba islamic finance so i want to know before it is too late.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is permissible to work in an Islamic bank if one’s job does not involve anything haram. Since many financial institutions may falsely claim compliance with shari‘a, one should exercise due diligence when seeking employment in an Islamic bank.

And Allah Ta‘ālā Knows Best.

Checked and Approved by:
Mufti Ebrahim Desai.

#22116I want to study in university, and I wanted to confirm is it Halal for me to get a loan from student finance.
#8367Presently my brothers are in banking profession too. Q1. Is the money halal now? Am I obliged to earn money while studying in Madressa or should I start earning after the completion of my studies?
#31993Working in investment banks and hedge funds.
#13774am doing Bacheolars in Information Technology and I am going very good in that but my passion is to get some job in the Finance sector like bank
#18854I read all your fatwas on whether working in Bank or working for Bank related activities is permissible or not permissible. I understand, we can not take a unique decision, and whether to decide if the job is halal or haram, is majorly based on the roles and
#16640We have realised the sins and are trying to repent and start all over as far as finances are concerned
#15553I am working in central bank in Finance Department. Is the salary halaal?
#15497In this instance where my ultimate goal is to work in Islamic Finance would it be permissible for me to work for a non shariah compliant bank/investment company?

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