Working in conventional banks : working in a bank : [10]

Fatawa Question

Assalamu Alaikum. I have been working for the past 3 years for an American Investment Bank (Merrill Lynch International Bank). I recently read from one of your replies on-line the fatwa about interest i. e., that the one who pays interest and the one who receives it are both cursed. This has put me in doubt of my current job and most definitely about my financial debt (which is very very large). My question is 1). Since I work for a bank that charges interest to clients, if my source of income Haram. 2). I am a mother of 2 and the only breadwinner at home (my husband is lazy and does not provide for us-I have been married for 3 years and my financial debt is a result of marriage expenses to help my parents, the cost of bearing children and supporting them, a car and living costs). I need this job to support myself and my family and to pay off my debts. Is it better for me to leave this job and find one with a Halal source of income ? Please assist me. Thank you and May Allah bless you all for the help you are providing us through your site.

Fatwa

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Publication Date

2002-11-27

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

• Banks
• Islamic jurisprudence
• Investment banks
• Debts
• Labour
• United States
• Usury

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-724778

• APA
• MLA
• AMA