The answers on Hawramani.com are based on the research of Ikram Hawramani in the Quran, hadith, scholarly works and respected fatwa sources. You can view Ikram Hawramani's credentials on the about page. Please note that we do not issue fatwas, we only compile the opinions of respected scholars (even when a fatwa is not explicitly cited) to make their opinions accessible to English-speaking Muslims. If an answer does not cite fatwas, please feel free to leave a comment asking for a fatwa citation and we will update the answer as soon as possible to include fatwas.

IslamQA: Are Muslims permitted to work in Sharia-compliant banks?

Are Muslims allowed to work in a bank, even if it's labeled as sharia bank?

As discussed in this previous answer, working at usurious banks (banks that profit through interest) is forbidden.

As for Sharia-compliant banks, working for them is permitted if they are truly Sharia-compliant. Some banks are only Sharia-compliant in name, or they offer Sharia-compliant services alongside usurious services. So before working at such a place a person should do their own research and find out if the bank is truly Sharia-compliant. Even if the bank claims to have a fatwa from a scholar that rules their services to be Sharia-compliant, a person should look at the bank critically. If you are unable to decide whether a particular bank is really Sharia-compliant or not, ask a knowledgeable person to do some research on the bank.

And God knows best.
If you have a question, please email me at contact@hawramani.com

Leave a Reply

Commenting rules: Politeness is the only rule. We respect your right to disagree with anything we say. But comments with profanity and insults will be deleted.

Your email address will not be published.