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Assalamualaikum warahmatullah barakatahu

I am a qualified CA, & offered a job from bank as a credit manager. Here in this department there are two teams, one is relationship manager (RM) and other is credit manager (CM), RM is the sales team who brings new as well old clients of banks for cc od limits on their current account and in some case also for working capital loan, Me as a CM, have to check each and every document provided by client to bank is correct or not, and fix a maximum limit after studying documents as per bank policies, Here CM role ends, now RM has to take a call whether they want to give client that cc/od limit or not, and other further process. So I want to ask if a work here as a CM, will my job and its income will be halal or not.
asked May 11, 2023 in Business & employment by Md Asad

1 Answer

Ref. No. 2318/44-3494

In the name of Allah the most Gracious the most Merciful

The answer to your question is as follows:

If you have a fair job or business, then a bank job involving any kind of usury is not allowed for you. It is clearly mentioned in the Hadith that involvement in usurious business transactions is not permissible, and the writers of interest based transactions, and the witnesses, are equal partners in the sin.

 لعن رسول اللہ صلی اللہ علیہ وسلم اکل الربا وموکلہ وشاھدیہ وکاتبہ" (سنن الترمذی: 239/1)

 

And Allah knows best

Darul Ifta

Darul Uloom Waqf Deoband

 

answered May 24, 2023 by Darul Ifta
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