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Can I work for a Financial Institution?

Answered as per Hanafi Fiqh by DarulUloomTT.net

Assalaamu Alaikum,

Will it be considered haraam to work for a financial lending institution that issues loans for personal use, e.g. vacations, if one is working as part of the human resources team?

Wa Alaikum Assalaam,

الجواب و بالله

A financial lending Institution will normally lend money on interest even though it may be for personal use. Working in such a place is working for an interest based Institution where it deals in interest; it promotes interest, and it demands people to pay interest, and this is haram (unlawful). Hence, working in such an Institution is haram.

And Allah Knows Best.

Mufti Waseem Khan.


This answer was collected from DarulUloomTT.net, which is operated under the supervision of Mufti Waseem Khan from Darul Uloom Trinidad and Tobago.

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