Message No : 13Sr.No : 412/725
Question By : Aasim Bukhari

Assalaam alaikum,
Sir,
I have list of questions to be asked:

1]Whether working in ABN AMRO bank in investment banking department permmisiable in Isalam.

2]Can a Muslim work for Life insurance comapany.

3]Can we work for a company servicing Pension schemes.

4]Can i work under HDFC bank for Standard Charted servicing home loans?

 

Reply By : Md. Asad Qasmi
Designation : Mufti, ODI, MMERC, Mumbai 

In the name of Allah the most gracious the most merciful

The answer to your question is as follows:

(1) It could be better if you provide me with some details about this bank. (2) No, it is not permissible according to ShariĄŻah to work for the Life Insurance Company, because all conventional insurance policies are made up of two basic elements ¨C interest and gambling which is expressly Haram in the QurĄŻan. . Just as it is Haram to have LIC policy, it will be Haram to work for LIC. The QurĄŻan has forbidden us from assisting in sin and evil. (3) Yes, you may join a pension scheme. (4) Working in any bank based on interest is not permissible. So you should investigate first if it is free from interest.

(And Allah knows the b

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