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In the Name of God بسم الله
sayedamir2000

Working In Bank

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I stopped in a bank that was in a neighborhood that's predominantly Muslim Arabs, the bank tellers there are Arabs. I'm certain they may have been given accommodations based on their religious needs.

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Usury is a concept that is exploitative in nature its relative to the socioeconomic region in which you live, for example central Africa microfinancing which can be as little as 50 dollars for a loan is used to benefit them but because of the firm's operating costs the individuals are charged upwards of 10% interest that is true riba as its exploitative in nature and targets people who need the funding. Its the same with title loans,payday loans and private loan companies in the United States such as Western Sky Financial who charges 89.68% APR for a 10,000 loan these types of predatory lending that pray on unknowledgable or desperate people are true Riba. Banks themselves typically hold ethical business practices in which they are just trying to operate a business. Im surprised people go after these big banks and complain about the housing crisis when far more people are abused by private companies who charge true Riba.

What I have noticed about scholars and laymen who argue that all fees above the principal are riba, they don't offer any reasonable alternatlve that work for all people the best alternative is shared risk partnership but good luck getting someone to put up their capital for your home,car or education for a long term agreement with nothing to gain for them. All empires have had some kind of financial or banking system. The concept of charging a fee for a service isn't new its how you make a living

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(bismillah)

(salam) brothers and sisters

I applied for software development job to a bank (Western bank). This was good position for me, since I'm qualified to it and it gave me good opportunity to start my career. I have decided that my careerpath will be in software development. However now I'm afraid that if I get a job in such bank and it involves me to work even a little bit with interest, wouldn't that be haram? I'm following Grand Ayatollah Sistani, but unfortunately if I send them a message it will takes 1-2 months to get reply and in that time it would be too late to get the answer.

So I need help to find it that would it be haram to work in such bank if it involves me to work with interest in any manner? I'm ready to not take this job opportunity if it is offered for me if working in such bank because on interest would be haram.

A lot depends but generally it is not allowed. Ask one of the learned scholar of your area who is exposed to the environment of your country. This is not a new question so finding the answer is not that difficult.

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Working for a bank is haram fullstop - unless you are the cleaner or equivalent working there. If you want a quick response from seestanis office, you can call the number on najaf.org. They will answer you there and then, or you can drop them an email which they respond to in a few days inshallah.

How does that make sense? Plz dont give advise if you dont know what your talking about. Especially when you contradict yourself.

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How does that make sense? Plz dont give advise if you dont know what your talking about. Especially when you contradict yourself.

I did give links to follow up if you bothered to read further on. Plus, i also heard it in a lecture by Abbas Ayleya. It's not a contradiction, it's an exception.

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I did give links to follow up if you bothered to read further on. Plus, i also heard it in a lecture by Abbas Ayleya. It's not a contradiction, it's an exception.

Did Sayyid Ayleya consider working in the bank haram?

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On 3/13/2013 at 11:07 PM, inferno said:

e Qur'an condemns "usury." The type of interest used in banking is NOT usury. Usury is an extortionate and exploitative interest excessive to the situation.

There are two types of bank transactions: 

1. Forbidden bank transactions: Usurious transactions and representation for enactment of those transactions, recording, documenting, notarizing or bearing witness to such transactions, taking the extra amount that is from usury which benefits the recipient. Similarly forbidden is doing business that involves companies that do usurious transactions or are involved in the business of wine, like selling their stocks or helping open credit for them. And being employed in the sectors mentioned is impermissible and one who works for them does not deserve his salary. 

2. Permissible bank transactions: That which does not involve the transactions mentioned above. Paying and receiving a salary for such permissible forms of bank transactions is permissible. 

Also, it should be noted that working in a bank is allowed, if your job does not involve giving or taking interest. For example, there is no problem in auditing and the likes of such jobs since they are they are directly related to usury.

This answer is in accordance with Sistani's verdict.

Edited by Jawid Akbari

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On 3/13/2013 at 6:51 PM, sayedamir2000 said:

(bismillah)

(salam) brothers and sisters

I applied for software development job to a bank (Western bank). This was good position for me, since I'm qualified to it and it gave me good opportunity to start my career. I have decided that my careerpath will be in software development. However now I'm afraid that if I get a job in such bank and it involves me to work even a little bit with interest, wouldn't that be haram? I'm following Grand Ayatollah Sistani, but unfortunately if I send them a message it will takes 1-2 months to get reply and in that time it would be too late to get the answer.

So I need help to find it that would it be haram to work in such bank if it involves me to work with interest in any manner? I'm ready to not take this job opportunity if it is offered for me if working in such bank because on interest would be haram.

The modern banking system is haram. Unfortunately we are all part of it. Avoid it if you can.

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On 3/13/2013 at 7:37 PM, inferno said:

 Usury is an extortionate and exploitative interest excessive to the situation.

This sounds like an explanation of the modern banking system.

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17 hours ago, Hassu93 said:

Are marketing jobs in Banks allowed ?

Salam there is no ruling about working as an employee in any Bank but it's not allowed that you give & receive usury as a banker but Muslim employees can work in that banklike as Iran & rest of Islamic countries that we still follow internatinal banking System & there is no real Islamic bank but if you find areal Islamic bank you must work for it but till now Islamic bank system is just on paper also my father was working in Iranian Bank "Bank Melli".

http://bmi.ir

Edited by Ashvazdanghe

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