The ruling on working in institutions that deal with interest-based banks
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There is a person who works as an agent for institutions, and another person is their manager. He had been working with these institutions for a long time, and during this period, it became clear that the institutions' capital had reached millions. However, he later found out that the institution had been signing contracts with banks. The truth of the matter is that the institution has funds and balances with the government amounting to more than the money it borrowed from the bank, but these funds have not been disbursed. As soon as it borrows from the bank, the disbursement is delayed. If a project is delayed, specific daily penalties are imposed on it, as is customary in contracts with the government. It was later revealed that one of the institutions deals with the bank, and its salaries and projects run on this basis; because the institution is currently stalled and lacks the financial liquidity for other companies, such as those working in other contracting fields, electricity, and plumbing.
And so on. It became clear that it borrows from the bank or signs contracts with the bank. So what is the ruling on working in this institution? Knowing that this employee works for the manager, and the manager heads all three institutions, and the owner of all the institutions is not the manager, except for one institution which is owned by this same manager.
Does this employee write the contracts between the company and the banks?The questioner: He does not write,Rather, it is me, O Shaykh! The Shaykh: So: You do not write the interest, nor do you testify to it, nor do you take it or give it, so I see nothing wrong with this, as long as your work is sound between you and the company, the company's sin is upon itself.
If you do not go to the banks and do not sign on bank transactions, then there is nothing upon you. This institution, first of all, was not established for interest,And it is not like the bank, which we say: You do not work in it [for the purpose of interest], so it was not founded for interest.
Second: You do not engage in interest, neither in writing, nor in testimony, nor in service. Your work is separate from the interest.
And so on. It became clear that it borrows from the bank or signs contracts with the bank. So what is the ruling on working in this institution? Knowing that this employee works for the manager, and the manager heads all three institutions, and the owner of all the institutions is not the manager, except for one institution which is owned by this same manager.
Does this employee write the contracts between the company and the banks?The questioner: He does not write,Rather, it is me, O Shaykh! The Shaykh: So: You do not write the interest, nor do you testify to it, nor do you take it or give it, so I see nothing wrong with this, as long as your work is sound between you and the company, the company's sin is upon itself.
If you do not go to the banks and do not sign on bank transactions, then there is nothing upon you. This institution, first of all, was not established for interest,And it is not like the bank, which we say: You do not work in it [for the purpose of interest], so it was not founded for interest.
Second: You do not engage in interest, neither in writing, nor in testimony, nor in service. Your work is separate from the interest.