Question

Working for a company which has some investments in a usurious bank

176

Question

Assalamalaikum, I had applied for a job in Middle east.It is Govt company.This company is an investment vehicle through which oil revenue of the country are invested into different sector.A small portion also invested in a commercial bank.The income from this bank is very negligable.This particular investement is made only for strategic purpose. My question is whether it is permitted to work for such a company? Plaese clarify my doubt . Jazakallah

Related Fatwa

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

Ruling on a technician or business owner working with banks, temples, hotels, etc.

Ruling on Profits in Halal Business with Haram Income

Benefitting from income earned from a job that involves selling both permissible and forbidden items, such as pork

Ruling on using former employer's contract template in business

Working in a Company which Markets Machinery with Dual Use in Halal and Haram Activities

Ruling on ill-gotten money due to cheating

Accepted Answer

All perfect praise be to Allaah, The Lord of the Worlds. I testify that there is none worthy of worship except Allaah, and that Muhammad is His slave and Messenger.

Since the nature of this company's work is Islamically permissible, it is permissible to work for it. However, it is an obligation that your job should be permissible among the different jobs of the company.

Besides, you should know that investing in banks which deal with Ribaa (i.e. interest and usury) leads to loss and destruction, as Allaah does not forbid something which could bring benefit and welfare for the people. Allaah Says (what means): {Allaah will destroy Ribaa (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.)}[Quran 2:276].

So the money that is used in Ribaa has no blessings and Allaah promised a war against those who indulge in it.

Allaah Knows best.

Fatwa

Working for a company which has some investments in a usurious bank

Question

Answer

Related Fatwa

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

Ruling on a technician or business owner working with banks, temples, hotels, etc.

Ruling on Profits in Halal Business with Haram Income

Benefitting from income earned from a job that involves selling both permissible and forbidden items, such as pork

Ruling on using former employer's contract template in business

Working in a Company which Markets Machinery with Dual Use in Halal and Haram Activities

Ruling on ill-gotten money due to cheating

Search Fatwa

Fatwa Subject

Categories

Multimedia

Special Folders

Services