Fatwa Explorer

Fatwa #992527 October 2003Malaysia

I am in need of a job and a position is being offered to me in a company which is involved in making softwares. Softwares that help banks and other companies monitor their client’s credit ...

Question

Softwares that helps banks and other companies monitor their client?s credit and payback history. In view of this, it deals in helping banks in calculation of interest that is receivable from clients who use their credit cards. A short intro of the company in their own words is this: Company is an Award Winning Software Specialist company with a specific focus in the areas of Credit, Collections and Revenue Recovery; and Data Mining. Company helps organisations manage the delicate balance of the Revenue-Receivables-Rentention cycle to a positive Collections-Cashflow-Profitability dimension. Company leverages from the most advanced software tools to mine its customers data to render solutions in the areas of Churn & Loyalty Prediction, Profiling & Segmentation, Credit Risk Scoring and Marketing Response Modeling. Kindly advise whether it is permissible for me to work in this company. Please note that the software/s may not be only for banks but a generalized one

Answer

Working for a software company of this nature is permissible since all the software programmes are not interest-related or of a Haraam nature. However, working with or programming software that is specifically used for interest calculations is not permissible.

and Allah Ta'ala Knows Best

Mufti Muhammad Kadwa
FATWA DEPT.

CHECKED AND APPROVED: Mufti Ebrahim Desai
Something wrong with this record?

Report a problem

This goes to whoever maintains the archive, not to Askimam.org. For a question about the ruling itself, use the link to the original above.

Sent anonymously. No account needed, and nothing identifies you.