Working for a Software Company Owned by a Bank

Question:

I have a software engineering job offer from a company “A” which makes a software product (point of sale) used by small and medium businesses like restaurants and retail stores to make sales transactions and inventory management. This company “A” was recently acquired by a Bank and my employment will be with the Bank as the parent company but I will only be working on the software product as I described above. The company charges a fee from the various small and medium businesses which use their software product. Is it halal to work for this software company while the parent company is a Bank?

(Question published as received)

Answer:

In the name of Allah, the Most Gracious, the Most Merciful

The job description, as explained by you, is ḥalāl. However, as the company is owned by the bank and due to the company’s money being mixed with the bank’s money, it would not be advisable for you to take on this position.[i]

And Allah knows best

(Mufti) Bilal al-Mahmudi


[i]

فتاوى عثماني. ج ٣ ص ٣٩٤-٣٩٦. مكتبه معارف القرآن كراتشي.

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IMPORTANT - PLEASE READ FIRST
  • The ruling given is based specifically on the question posed and should only be read in conjunction with that question.
  • Due to the number of queries received, please allow a minimum of 7 days for your question to be answered.
  • If two questions are asked at once or the question requires a detailed research, please allow up to three or four weeks for your question to be answered. Urgent queries will be given priority.
  • Kindly do not submit more than three questions at once.
  • If you do not receive a response within 10 days, kindly resubmit your query.
  • Our responses may reach your junk folder and not your inbox. Be sure to check your junk folder before resubmitting your query.
  • Note: Not all answers are published on the site. All efforts are made to conceal the questioner’s identity. Please note that we do not answer social queries or dream interpretation questions.