IslamQA

Working for a bank

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: In a banking institution the only income they do earn is through Riba. There is no other income generation process involved in a Bank’s system. And it means, a bank is paying salaries and profits to all of its employees and partners through the generated income which is nothing but Riba. In that scenario, how can it be legal for an employee to receive such an income which he knows that is paid to him through Riba, and at the same time he knows that he is a part of the machinery where business is nothing but to generate Riba income. In my opinion it becomes totally invalid for a muslim to be associated with a banking institution. Am I right?

Bismillaah

A: One should not take up employment in such an institute.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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