Imam Ilyas Sidyot

 

Question: 026

Salam allaykum Wa Rahmato Allah.

Brother Ilyas, I work for a bank my work involve meeting the clients taking applications and assessing it to lend money (to cosolidate debts or refinance their homes or to buy a car or investments purposes) based on final decission by myself or the credit department at the bank I do meet with clients and sign the lending documents, it does involve variable and fixed interet rate, also my job involves opening accounts and selling mutual funds. Please proved me with the Islamic point of view in working in the bank (not an Islamic bank). I read some view that is not clear or it created some confusion for me. My Allah Bless you

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

Respected Brother/Sister in Islam As Salaamu Alaykum wa Rahmatullahi Wa Barakaatuh.

Your query below refers; This is not permissible as the job would directly or indirectly entail participation in some way or the other in interest based transactions or assistance therein which are totally prohibited in the Shariah.

And Allah knows best.

Hafiz Ilyas Sidyot Imam

Islamic Center 222-Copland Cresent, Saskatoon SK.

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