Consulting for a Bank

By Mufti Taqi Usmani
Posted: 15 Muharram 1422, 9 April 2001

Q.) Is it permissible to work on Technology Projects in a Bank or Financial company on short term basis. e.g. developing a computer application or maintaining a computer etc?

A.) If the technology projects designed for a bank or a financial institution are exclusively used for transactions involving Riba (interest), it is not permissible to work on such technology projects. However, if the projects are of general nature which may be used for both permissible and impermissible purposes the work on such projects cannot be termed as totally Haram. Nevertheless, it is adviseable to refrain from it as far as possible to eschew from doubtful income.