Working in companies that sometimes deal in interest : work in a company that deals with interest

Fatawa Question

Assalamualaikum, I am not sure about a few things all having to do with Interest, I live in Canada and am planning to work here after I graduate from university, and from what I see and understand is that most if not all companies here in North America and most other parts of the world use interest in some form; either in savings accounts for more revenues, or financing when selling their products, or take loans to start the business and buy equipment and materials for there business and in many other investments. I am afraid of every cent of Haram money and I know the crime and punishment for it is great, I want to try to avoid that in every way possible, but I see that living here and not having enough money to open my own business I am forced to work in a company which most probably has or is using interest to handle day-to-day business procedures. I am a business student myself and I studied a lot of companies and all of them use interest in some way. My question is : If I work in a company here no matter what it does, but has previously or is currently using interest in some form, from financing to just loans and company insurance is the money I make from that company Haram, or is it ok for me to work in that company since there are no other sources of living, there aren’t that many Islamic companies, or companies that I can apply for a job in that haven’t or don’t use interest ? I would also like to ask for as much detail as possible, and if you can tell me what my options are considering I work for a company that uses interest. Thank you InShAllah Tatwafakoon fee Amaalikum and God bless you, Your brother Abdulrahman

Fatwa

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Publication Date

2002-02-06

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Corporations
• Usury

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-724967

• APA
• MLA
• AMA