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  • Results 1 to 6 of 6
    1. #1
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      A friend of mine told me that it is, since the money that the bank pays its employees with is with the money that they make off of the interest that they charge. So is the income from this job haram?

      [This message has been edited by Ashi (edited August 21, 2001).]

    2. #2
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      Well, earning the $$ is halaal because you work for it but the way the bank earns their $$ is by charging interest to the clients.

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    3. #3
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      Originally posted by CocoNut:
      Well, earning the $$ is halaal because you work for it but the way the bank earns their $$ is by charging interest to the clients.

      Sahih Al-Bukhari Hadith Hadith 5.159 Narrated by Abu Burda


      When I came to Medina, I met Abdullah bin Salam. He said, "Will you come to me so that I may serve you with Sawiq (i.e. powdered barley) and dates, and let you enter a (blessed) house that in which the Prophet entered?" Then he added, "You are in a country where the practice of Riba (i.e. usury) is prevalent; so if somebody owes you something and he sends you a present of a load of chopped straw or a load of barley or a load of provender then do not take it, as it is Riba."


      Sahih Al-Bukhari Hadith Hadith 3.506 Narrated by Abu Said al Khudri


      Once Bilal brought Barni (i.e. a kind of dates) to the Prophet and the Prophet asked him, "From where have you brought these?" Bilal replied, "I had some inferior type of dates and exchanged two Sas of it for one Sa of Barni dates in order to give it to the Prophet to eat." Thereupon the Prophet said, "Beware! Beware! This is definitely Riba (usury)! This is definitely Riba (Usury)! Don't do so, but if you want to buy (a superior kind of dates) sell the inferior dates for money and then buy the superior kind of dates with that money."


      Sahih Muslim Hadith Hadith 3881 Narrated by Jabir ibn Abdullah


      Allah's Messenger (peace be upon him) cursed the accepter of interest and its payer, and one who records it, and the two witnesses; and he said: They are all equal.


      Ibrahim says; They are all equal and amounts to haram as conveyed in the above hadith.



      [This message has been edited by Ibrahim (edited August 22, 2001).]

    4. #4
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      Banks are based on interest. Since dealing with interest is haram (not allowed) in Islam, and so participating or helping out in haraam activity is consider haram.

      So a person working in a bank, be it in computer/technical dept, if not in financial dept, is actually taking part in haram interest activity. Imagine the bank working properly, if you eliminate a certain dept. The bank's progress will be badly affected. Working in a bank is like being a part of a big machine, and every part contributes some to the machine.

    5. #5
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      Originally posted by Ibrahim:

      Ibrahim says; They are all equal and amounts to haram as conveyed in the above hadith.

      Exactly !!! There's also a fatwa issued by late Shaikh Abdul Aziz ibn Baz about it.

      There is no doubt that working for banks that deal with riba is haram, not allowed. This kind of job benefits those behind the banks and it is cooperation on that which sin and rancor. Allah, subhanahu wa ta'ala, says, "help one another in righteousness and piety, but help not one another in sin and rancor." [5:2] Also, the prophet sallallahu alayhe wa sallam, said, "Allah cursed the eater [reciever] of riba and the one who gives to him, the one writes it [its contract], and the two witnesses for it. He said, they are equal [in sin]." Muslim

      However, for money deposits in banks there are two cases. If it is deposited to recieve interest, then they are haram. There is consensus amongst the scholars on this matter. But if money is deposited where no interest is given for it, then it is better not to do it unless it is a case of extreme need or Dharoorah if the bank is based on interest. Depositing money in the bank is helping it survive and continue its riba based transactions. Therefore, this can be cooperation on sin and rancor. It is an obligation on all of us to be careful not to do that, and find ways that are good and halal to protect our money and benefit from it. May Allah guide the Muslims to things that lead to happiness and honor, and help them establish Islamic bank.
      Al Jumuah magazine, Vol 13 Issue 4 Rabi'ut Thani 1422 H

      Pg. 57

    6. #6
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      Originally posted by CocoNut:
      Well, earning the $$ is halaal because you work for it but the way the bank earns their $$ is by charging interest to the clients.

      Br. CocoNut, my understanding is that earning the $$ from bank service is not halaal, because you are getting involved in an institution which is based on interest. Somehow, directly or indirectly, you are contributing to the bank's activities, which is haram and so the earned money should also be haram.

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