• Transactions & Dealings >> Interest & Insurance

    Question ID: 5467Country: India

    Title: My question is that "Is service in Banks & Insurance companies is Halal. If it is halal then how and if it is not than how kindly plz help me I want to understand this concept beacuse being commerce graduate in India I am being offered many job in this industries with good salary package.

    Question: Asslam Walaykum W Rahematuulahe W barkatuh, Hazrat My question is that "Is service in Banks & Insurance companies is Halal. If it is halal then how and if it is not than how kindly plz help me I want to understand this concept beacuse being commerce graduate in India I am being offered many job in this industries with good salary package. Plz reply soon Allah Hafiz.

    Answer ID: 5467

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 181/181=M/1429)

     

    Working for banks and insurance companies, where one has to write accounts of interest, keep record of interest transactions and render his help in this regard, is not allowed. The Prophet (صلى الله علیه وسلم) has cursed such people who take interest, give it, write it, become witness to it and become a source fort it:

    لعن رسول الله صلى الله علیه وسلم آكل الربا و مؤكله وکاتبہ و شاھدیہ و قال ھم سواء (بخاری شریف)

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India