IslamQA

Can I work for a Financial Institution?

Answered according to 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.

7/9/16.

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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