Working in Islamic banking institutions : working in a conventional bank

Fatawa Question

[Question One] : Respected scholars Assalamu Alaykum I need to discuss about Islamic banking which is a very serious issues nowadays. First of all I would like to know whether working in any bank is Haram. I have checked with nearby Imam and concluded that it is not permissible in Islam to work in any banks because the salary which employee gets is out of total interest earned by the bank, and you know taking and giving interest is a big sin. Secondly, another Imam said that it’s not Haram to work in any banks because you are getting paid by the efforts that employee put in as a part of his job. He gets paid on what he does as a requirement to fulfill the job. So which one is correct and if none, please suggest the right way [Question Two] : Salam My problem is to discuss whether the idea of working in banks is allowed in Islam because the salary which we get is out of interest received ? Please suggest me as I have not applied yet to any banks Jazakallah

Fatwa

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Publication Date

2008-08-30

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Banks
• Islamic jurisprudence
• Employees
• Labour
• Usury
• Banking services
• Islamic Banks

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-730821

• APA
• MLA
• AMA