Working in Islaamic banks and investment companies

Reference: Fataawa al-Lajnah ad-Daa.imah lil-Buhooth al-‘Ilmiyyah wal-Iftaa – Fatwa No.6502, Question 2, Volume 15, Page 11

Question: Is working in Islaamic banks or Islaamic investment companies permissible, and is the salary [of the one who does] halaal?

Response: There is no harm in working in these banks if they do not deal with ribaa; and likewise, there is no harm in working in investment companies which do not invest their money in that which Allaah has prohibited.

And with Allaah lies all success and may Allaah send prayers and salutations upon our Prophet ﷺ and his family and his companions.

He is a graduate of the Islaamic University of Madeenah, having graduated from the Institute of Arabic Language, and later the Faculty of Sharee'ah in 2004. He currently resides in Birmingham, UK.

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