Dear All
I want to know, Is banking job halal or haram in Islam?
if there is no any other job and try is continue so what Islam say…
response required
Re: What about banking Job
There is nothing specifically mentioned in Quran and Hadees about banking job. LOL
Now for you consolation consider this you a the only mason in town , the prostitute of this town comes to you to build a home for her. Will you refuse to build a home for her ?
If you build the home for her and the money she give to you is it halal for you or haram ?
Using the same analogy someone is engaged in accepting riba (Bank) you are an accountant , the bank needs an accountant , you work for them as an accountant , you income will be halal or haram. You are not doing anything haram, they are.
Now it is good to stay away from this gray area , do not try to be CEO or VP of a bank.
But you can never be too careful, I work for a company which makes construction machinery , this construction machinery is made by the company who has tons of money in the banks earning interest on this money every minute also this construction machinery is used in building , brothels, casinos, bank buildings etc. Is my salary I earn by working for them halal or haram ?
No business in this world is halal now a days if you use a very narrow yardstick .Every business has bank accounts or borrowed money for making the business big , so what do you do ?
Just try to be a good practicing Muslim with strong belief in Allah and his mercy. He is not looking for opportunities to get you and put you in Jahanum on the contrary he is looking for opportunities to forgive you . It does not mean you takes liberties all the times, try to have a well balanced life.
Re: What about banking Job
I agree with Mirch brother/sister.
Alhamdolilah, your intentions are good, and I shared your concern before taking my current position in Investment Banking. Fortunately my job is less involved with interest and more related to restructuring companies and advising on Mergers & Acquisitions. I had spoken with my Shayk in regards to this concern and his response was similar to Mirchs.
Please do not hesitate to take the job in banking. May Allah show us the right path :)
Re: What about banking Job
what a joke…
using the same analogy, u can also supply prostitutes to people…
the prostitute and the person who sleeps with her r the people doing haraam, u r only supplying people with what they demand…
i think that will be more profitable than working in a bank…
if u want to fool yourself using such analogies atleast make some bucks in this world…
working in a bank is HARAAM, whether u work as an accountant, as a clerk, as a watchman, as whatever…
Re: What about banking Job
ARM bro! Not sure if you were joking about banking sector jobs. I hope you were.
It is not good to stop young Muslims from acquiring a decent job.
Here is a quotation from Islam online:
Here is the fatwa issued by Dr. Monzer Kahf, a prominent economist and counselor, who states:
It is permissible to work in any department in a conventional bank, credit department, the IT or software department or others, as long as you do not prepare any interest-based contracts or sign them on behalf of the bank.
This is the opinion of the greatest Shari`ah scholar of our time, the late Sheikh Mustafa Al-Zarqa (died 1999), Sheikh Al-Qaradawi, Sheikh As-Salami of Tunisia and Sheikh Adh-Dhareer of Sudan. The argument is that such jobs in conventional banks are not included in the wrath of Allah that is mentioned by the Prophet (peace and blessings be upon him) on the giver of riba (interest), its taker, its writer and its two witnesses (reported by Muslim). Besides, a prohibition of working in banks places unnecessary inconvenience and hardship on Muslims both in the Muslim majority countries and Muslim communities of other countries.
Dr. Monzer adds:
Working in conventional banks is not haram unless the worker is in the area of making loan contracts with customers. If you are in IT, you do not make these contracts and your work is permissible. To claim otherwise requires evidence from Shariah because the Prophet (peace and blessings be upon him) declared that the wrath of Allah is on the riba's taker, giver, writer and witnesses. You do not have to extend this lanah (wrath) to word processors, tellers, IT or software persons and guards of a bank. Besides, not all conventional banks’ activities are in the area of interest; they also provide several other permissible services.
Re: What about banking Job
by that token working in any entity that utilizes interest or engages in any business that somehow supports interest is haram,
so where do you work and what do you do?
Re: What about banking Job
You have not provided any Islamic evidence backing up your claim. If this is a joke, then its a bad one. Sure you can minimize your exposure to riba, un-Halaal products, but you cannot control the business interests of the employer.
Re: What about banking Job
Mashallah...Muslims arguing in favor of the Banking Industry.
Banks LIVE and THRIVE on Riba, and this makes the business Haraam to the very core.
By the logic given my the masses here, and their respective "Sheikhs" , it would seem perfectly normal for a person to work as an accountant at a Casino or at a Cocaine factory down in Columbia.
Re: What about banking Job
how many degrees fo seperation is good enough here? if working in a non interest focused area of a bank is wrong then working for any entity that contributes to, benefits from, engages in, helps enable, or utilizes interest is also not allowed. and also supporting such organization is not allowed either.
right?
so, where do you work and what do you do?
Re: What about banking Job
Dr. Monzer adds:
Working in conventional banks is not haram unless the worker is in the area of making loan contracts with customers. If you are in IT, you do not make these contracts and your work is permissible. To claim otherwise requires evidence from Shariah because the Prophet (peace and blessings be upon him) declared that the wrath of Allah is on the riba's taker, giver, writer and witnesses. You do not have to extend this lanah (wrath) to word processors, tellers, IT or software persons and guards of a bank. Besides, not all conventional banks' activities are in the area of interest; they also provide several other permissible services.
Dr. Monzer needs to be informed that in any organization, regardless of how evil or how good the nature of their business is, there will always be Core Processes and Supporting Processes. Just because a person happens to be part of a Supporting Process in an out and out evil Company, does not make his job halaal.
The Hadith mentioned by Dr. Monzer also entails that it is prohibited to help others in committing haraam and evil acts, and there is a consensus amongst the scholars on this issue.
Hence working as a systems engineer or an accountant in any of the supporting processes in a Riba Based Bank is Haraam according to the Hadith, since the person would essentially be helping and promoting an evil and a haraam act.
Re: What about banking Job
^^
Which part of the world do you live in. Do you ever get salary or do you survive on unemployment doles.
Getting salary would also be haraam according to you since the money is deposited in the bank and you are entitled to get interest for the amount.
Re: What about banking Job
living on dole is haram as well because the unemployment benefits come from interest based sources as well.
Re: What about banking Job
Mashallah...Muslims arguing in favor of the Banking Industry.
Banks LIVE and THRIVE on Riba, and this makes the business Haraam to the very core.
By the logic given my the masses here, and their respective "Sheikhs" , it would seem perfectly normal for a person to work as an accountant at a Casino or at a Cocaine factory down in Columbia.
^
Reasons why Muslims continue to backward and complain about their lot. There is a great difference between enjoying the direct benefits of riba and working on operations side, where you are given a wage for your efforts.
By the way, if you think that riba is the only way a bank makes profits, then I suggest that you do some research.
I am curious, what is your occupation?
Re: What about banking Job
Dr. Monzer needs to be informed ..
Awright! Then submit your petition to Islam online site.
And make sure you start your petition as:
Dr. Sharaabi wants to inform Dr. Monzer that based on Dr. Sharaabi's doctoral research at Al-Azhar university clearly proves Dr. Monzer as wrong and ignorant of the basic tenants of Islam.
Believe me everyone will bow to your wishes and then no body will work for any bank. As a result banking industry will collapse and there will be no riba. Khas kam jahan paak.
Re: What about banking Job
:salam:
I see that Islamqa has a different take then the one from Islam Online…
Question:
I work in a bank in a particular country, in a department that does not deal with riba-based transactions, but the central bank does deal with interest and it is a government foundation. What is the ruling on working in this bank? I hope you can advise me
Answer:
Praise be to Allaah.
Your working in this bank is haraam, even if you are in a department which does not deal with riba-based transactions. It is sufficient to note that the “central bank” is the head bank and working in the other departments complements the work of the sections that do deal with riba; the bank is formed from all the departments and all the institutions connected to it are engaged in riba.
The scholars have stated that it is not permissible to work even as a guard or driver for such institutions, so how about working as a teller or clerk?
Shaykh Ibn ‘Uthaymeen (may Allaah have mercy on him) said: It is not permissible to work in a riba-based institution even if a person is working as a driver or guard, because that means that he is working for the riba-based institution, which implies that he approves of it. For whoever disapproves of a thing would not work to support it, so if he is working for it that implies that he approves of it, and the one who approves of something that is haraam is also guilty of sin.
But if he is directly involved in recording transactions, writing, sending and depositing etc, then he is undoubtedly dealing directly with something haraam. It was proven in the hadeeth of Jaabir (may Allaah be pleased with him) that the Prophet (peace and blessings of Allaah be upon him) cursed the one who consumes riba, the one who pays it, the two who witness it and the one who writes it down. He said: “They are all the same.”
Fataawa Islamiyyah. 2/401
The Standing Committee was asked about a man who worked as a night guard for one of the banks, and he had nothing to do with the bank’s transactions – should he continue with this job or leave?
They replied:
It is not permissible for a Muslim to work as a guard for banks that deal with riba, because this is a kind of cooperating in sin and transgression, and Allaah has forbidden that as He says (interpretation of the meaning):
“but do not help one another in sin and transgression”
[al-Maa’idah 5:2]
Most of the banks deal with riba, so you have to look for a halaal means of earning a living, not this way.
And Allaah is the Source of strength. May Allaah bless our Prophet Muhammad and his family and companions.
Fataawa Islamiyyah, 2/401, 402
And Allaah knows best.
Sheikh Muhammed Salih Al-Munajjid
Re: What about banking Job
what about a guy who works for a security company that supplies guards to banks?
is that haram too?
choose your answer carefully folks..because the degree fo seperation from interest is a dodgy topic and u may just find out ur job is haram by your own standards.
Re: What about banking Job
walaikum asalaam,
This is not a rare case where Islamqa and other Ahle Sunnah wal Jamaah scholars would differ from what IslamOnline publishes.
You do not need a the two letter abbreviation two be a good Muslims and follow the correct methodology.
Who is Dr. Monzer and what standing does IslamOnline enjoy amongst contemporary Ahle Sunnah wal Jamaah scholars?
Here is a look at Dr. Monzer’s educational background:
What does the publisher mean by “strong training and knowledge”? Apparently he has received no formal education in Fiqh or anyother field of Islamic Knowledge.
We do not take our Knowledge from such people especially when the speak contrary to what the Known and Acknowledged Scholars say.
Coming to IslamOnline, i have found it lacking where correct Islamic Stance is required. I have found it going from bad to worse, and catering mainly to the Modernists and the liberalists, who need a license to “islamasize” their Haraam actions and desires.
The following statements would describe best why Dr. Monzer would give such a fatwa,
Comfort and Luxury, is too much to sacrifice for Islam. And that is the crux of the matter.
So Dr. Monzer can say what he wants to say but those Muslims who know that one day they’ll have to stand before Allah and answer for their deeds, the day when no Dr. Monzer will save them or shade them…will pay no heed to such fakers.
Re: What about banking Job
what about a guy who works for a security company that supplies guards to banks?
is that haram too?
Surely, you did not read the last post before posting another one of your "is that haram too?".
Re: What about banking Job
What islamic banking ? and jobs within islamic banks, the investment aspect of those banks?
Re: What about banking Job
so by this logic. all jobs are haraam..
let me explain..
I am a small business owner, I have a bank account where all business transactions are recorded and at the end of every month my accountant does payroll. Now as with any business we need to raise funds to grow it. I am not a rich muslim so I had to borrrow some money. Unfortunately, no muslim bank exists in this country that can provide me with interest free loans. So I had to take loan out of a "regular" bank.. so basically according to discussions above, what i do is haraam.
Lets say that I didnt start my business since I can't get interest free loan.. so I decide to work for a small software company. This company makes a business intelligence software that helps companies determine their business and grow it. now there are two sub-cases here:
The company I work for takes a huge loan from bank which is NOT interest free. The company pays me a fixed wage of $XX/hr .. is that halal?
The company doesn't take any interest-based loans but one of the many clients that the company has is a beer/casino/bank .. is my pay still halal?
Please note if you answer this quesiton I would prefer if you state your own occupation as well