My question is about whether it is permissible to work for a financial institution's IT (Information Technology) department. I work as a team to support the systems that run financial applications similar to a bank although the company I work for is not a bank. Transactions do involve interest. I personally do not have to write/print any documents regarding the transaction and never have to deal with the customer. In other words, the transaction is completely invisible to me. My responsibility is to keep the systems up and running.
Answer
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatuh
If your employment involves working with any systems which are directly related to anything impermissible then this employment will also be impermissible. For example, a persons employment is to maintain interest calculating programmes, then this will not be permissible (makrooh tahreemi).(Sabab Qareeb Ghayr Mutaharrik)
Showing posts with label Banks. Show all posts
Showing posts with label Banks. Show all posts
Wednesday, December 1, 2010
Wednesday, August 4, 2010
Cash Back
Question:
What is the ruling on accepting cash back bonuses from credit cards. For example, a particular credit card company gives 1% cash back for all purchases through it. One must wait though till it reaches the level of $20 or more, or within a certain period of time.
Answer:
In the name of Allah, Most Compassionate, Most Merciful,
If one uses the credit cards for purchasing and the bill is paid on time (and one has the ability to actually do so) without requiring to pay any interest, then it would be permissible to use them, as outlined by the contemporary scholars, such as Shaykh Taqi Usmani and major Arab scholars.
If the cash back bonuses from the usage of credit cards are a reward from the credit card companies in order to attract customers, then this is legally considered a gift (hiba).
If there are no other impermissible elements, such as gambling, then it would be permissible to accept such rewards and benefits. The same ruling is on bonus miles and points offered by the companies.
And Allah knows best
Muhammad ibn Adam al-Kawthari, UK
What is the ruling on accepting cash back bonuses from credit cards. For example, a particular credit card company gives 1% cash back for all purchases through it. One must wait though till it reaches the level of $20 or more, or within a certain period of time.
Answer:
In the name of Allah, Most Compassionate, Most Merciful,
If one uses the credit cards for purchasing and the bill is paid on time (and one has the ability to actually do so) without requiring to pay any interest, then it would be permissible to use them, as outlined by the contemporary scholars, such as Shaykh Taqi Usmani and major Arab scholars.
If the cash back bonuses from the usage of credit cards are a reward from the credit card companies in order to attract customers, then this is legally considered a gift (hiba).
If there are no other impermissible elements, such as gambling, then it would be permissible to accept such rewards and benefits. The same ruling is on bonus miles and points offered by the companies.
And Allah knows best
Muhammad ibn Adam al-Kawthari, UK
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