Working for a bank

Submitted by admin on Mon, 2014-09-15 16:34

Q:

1. Is it permissible for a person to do a job in a bank when he can not get any other job?

2. Is it permissible for a person to take a loan from a bank (for home) or to start his own bussiness?

A:

1. If the job is of a permissible nature e.g. sweeping, making tea, it will be permissible, however being part of an interest-based operation is detestable.

2. Since the loan the bank provides is an interest bearing loan, it will be haraam.

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Ijaarah›Permissible and Impermissible employment›Working for Banks

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