Assalalmu alikum warahamatullahi wabarakatuhu,
Dear Mufti sab,
As per this fatwa: 41222. it’s not permissible to keep bank staff. Then how to do this business since most of the people want to go through bank especially non muslims. Suggest some way to do this business. Even i have an idea to do this business.
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The basis of Fatwa 41222 is the staff will facilitate interest bearing loans, which is prohibited. To facilitate such transactions falls under the ambit of the following verse:
ولا تعاونوا على الإثم والعدوان
And do not help each other in sin and aggression. (Verse: 5:2)
As Muslims, we should endeavour to promote Shari’ah compliant ways of financing. The bank may be approached and explained the procedure of Islamic Finance methods and encouraged to facilitate Islamic Finance.
Alhamdulillah, Islamic Finance has generated much interest internationally. An expert in Islamic Finance may be requested to make a presentation to the bank to appropriately advise the bank.
And Allah Ta’āla Knows Best
Aboobakr Siddeeq bin Mufti Amjad Mohammad
Student Darul Iftaa
Azaadville, JHB, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.