Working in Islamic banking institutions : [Halal careers in finance : 2]

Fatawa Question

Bismillah Al Rahman Al Rahim. Alhamdu Lillahi Rabb Al Alamin, Wa Al Salatu Wa Al Salam Ala Sayyidina Muhammad, Wa Ala Aalihi Wa Sahbihi Ajma’in. Dear Dr. Monzer Kahf : Jazaka Allahu Kheir for your reply. Allah (SWT) has blessed you with the knowledge in Islamic Finance, and In Sha Allah he will continues to bless yourself, your family, this Ummah, and your endeavors towards it. I have received a job offer from the Royal Bank of Canada for an "account manager" position. The key accountabilities for this position include : 1. Open new personal accounts and cross-sell additional services such as credit cards, loans, overdraft and investments. (25 %) 2. Contribute to meeting sales plan and related activities by actively and effectively assessing customer financial needs and providing effective solutions. (30 %) 3. Maintain and grow the customer portfolio by identifying and promoting personal banking solutions with a continuous focus on customer service and new business development. (25 %) Considering the above, that I may be required to sell "interest" related products, but that i will not be involved in the underwriting, is it permissible for me to take this job ? Also do the circumstances change if I have the intention to go into Islamic banking ? Allah (SWT) knows best, and I put my trust in Allah (SWT). Whatever is destined for me, I will In Sha Allah be please with. Jazak' Allah Khair,

Fatwa

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Publication Date

2008-06-30

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Employees
• Labour
• Usury
• Islamic Banks

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730816

• APA
• MLA
• AMA