IslamQA

Working for a company that accepts the bank’s interest

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: I have a question regarding my job. I work in a technical firm as an engineer and my company pays me a monthly salary. My company take projects from clients and after completion of projects the client pays money to company, company puts that money in the bank and then our salary comes. Although i am not sure that either company takes interest from the bank or not, but i know that in my country Pakistan, every other company does that so there is a very high possibility that my company also takes interest from bank. So now our salary comes from (Client’s money + Bank interest). So what is the Islamic ruling on this issue.

Bismillaah

A: The money the company pays you in lieu of your service is halaal. If the company deposits their money in the bank and accepts the bank’s interest, then this is haraam.

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

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

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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