Question

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

7

Question

I recently applied for job in company that creates payment systems like online payment and payment devices ( like in supermarket and restaurants) and apple pay integration (mostly all halal IT work), but the company that i will be working for, majority of the stakes are owned by a riba bank. So the company i will be working on doesn't do anything riba related but the stakes are owned by riba bank and other individual. So is it halal for me to work in such companyjQuery111008350253517991466_1709616290807

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Accepted Answer

All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad is His slave and Messenger.

You mentioned in the question that the company for which you will work does not engage in Riba (usury) in its transactions, so there is nothing wrong with working for it. Even if some of its shares are owned by a usurious bank, this does not prevent you from working for it, as long as its business activity is lawful.

Allah knows best.

Fatwa

Is it halal to work for a company that creates halal IT products but some of its stakes are owned by an interest-based bank?

Question

Answer

Related Fatwa

Ruling on a technician or business owner working with banks, temples, hotels, etc.

Ruling on Profits in Halal Business with Haram Income

Benefitting from income earned from a job that involves selling both permissible and forbidden items, such as pork

Ruling on using former employer's contract template in business

Working in a Company which Markets Machinery with Dual Use in Halal and Haram Activities

Ruling on ill-gotten money due to cheating

Ruling on working in companies whose primary activity is permissible

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