Audit of banks hala?

Answered according to Hanafi Fiqh by Darulifta-Deoband.com
Prev Question
Next Question
Is it halal to audit of accounts of banks, financial institutes and insurance companies? Please give reason clearly.
Is it halal to do job in an MNC company which has multi products including loan and financing and other halal products. I heard that if 50% income from haram products it is not halal to job in it. Please give clarification. I am waiting for your reply.

بسم الله الرحمن الرحيم

(Fatwa: 686/1535/H=1/1439)


Generally, Banks, Financial Institutions and Insurance Companies are involved in more than 50% haram business hence one should avoid them. For details see the book “Fatawa Usmani” vol. 3, p. 327, by Maulana Mufti Muhammad Taqi Usmani Sahib.

Allah knows Best!

Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.