Working in conventional bank : job at banking

Fatawa Question

Hello Mr Kahf, Asalaam Alaykum Wa Rahmatullah Wa Barakatuh ! May Allah (S.W.T) bless you with His excellent service In Sha Allah ! I have 2 questions 1. What is the ruling regarding working in banking industry ? I have opportunities at ally company, which is financial lending company for automotive. I am a female manager in Information Technology and am pursuing opportunities in my field here in the USA. Just wanted to know if this is Halal ? Are we as Muslims allowed to work in finance / banking ? 2. Do we have to pay Zakah on 401 k ? It is very confusing in some of your fatwas. Please help. Masalaam !

Fatwa

Click hereto view more

Publication Date

2012-10-24

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-730924

American Psychological Association (APA)

Qahf, Mundhir. 2012-10-24. Working in conventional bank : job at banking. .
https://search.emarefa.net/detail/BIM-730924

Modern Language Association (MLA)

Qahf, Mundhir. Working in conventional bank : job at banking. 2012-10-24.
https://search.emarefa.net/detail/BIM-730924

American Medical Association (AMA)

Qahf, Mundhir. 2012-10-24. Working in conventional bank : job at banking.
https://search.emarefa.net/detail/BIM-730924