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Is Investment Banking Halal?

Answered as per Hanafi Fiqh by Muftionline.co.za

Q: I’m looking for a job and I got an offer in at an Investment Banking. I didn’t know if I should accept it because I do not know if working in a bank is haram? Can I accept this job offer?


A: The majority dealings of all conventional banks are in total contradiction with the laws of Shari’ah. Their main operation revolves around interest and usury. Hence one should refrain from taking employment in a bank.

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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