Working for a Software Company Owned by a Bank

by | 3 May 2023 | Ḥalāl & Ḥarām, Q&A

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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