IT JOB FOR A BANK: IS IT ALLOWED IN ISLAM?

IT JOB FOR A BANK: IS IT ALLOWED IN ISLAM?

Question.

Is it allowed (halal) to work in BFSI domain as a software engineer?

(BFSI) is: Banking, Financial Services and Insurance.

The business service it involves the interest (riba) in their business transaction.

Question is: as a software engineer, can one work on developing software for the above sectors? Please, give me the reason also.

Answer.

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh.

In the Name of Allah, Most Gracious, Most Merciful.

All praise and thanks are due to Allah, and peace and blessings be upon His Messenger.

Regarding the question, it is allowed to work in technical support jobs in interest-based institutions like the ones mentioned in the question.

Responding to the question, Dr. Monzer Kahf, a prominent Muslim economist and counselor, stated, `

Technically, it is permissible to work in institutions specialized in riba-based transactions such as conventional banks in areas of IT and other activities which are not directly involved in creating and processing a riba contract.

What is technically haram is: taking and giving riba and writing its contract (such as filling in application) or being its witness. Other functions are not haram in specific sense.

But does its “dust” reach you? Yes. Although it is not haram, the issue of income does not raise a problem because you take salary against a permissible function that you give."

Allah Almighty knows best.