The ruling on one who is compelled by circumstances to work in banks and financial institutions
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Question: What is the ruling on one who is compelled by circumstances to work in the local banks present in the Kingdom; such as the National Commercial Bank, Bank of Riyadh, Bank al-Jazirah, the Arab National Bank, Al-Rajhi Company for Currency Exchange and Trade, Al-Ka'aki Office for Currency Exchange, the Saudi American Bank, and other local banks.
It is known that they open savings accounts for customers, and the employee holds a clerical position, such as: an accountant, an auditor, a switchboard operator, or other administrative positions. These banks have many benefits that attract employees to them; such as: a housing allowance equivalent to approximately twelve thousand riyals or more, and two months' salaries at the end of the year. So what is the ruling on that?
Answer: Working in interest-based banks is not permissible; because of what is established from the Prophet (peace and blessings be upon him) in:Sahih Muslim 1598. It was narrated by Muslim in his Sahih, and because of what is in it of cooperation in sin and aggression. And Allah the Exalted said: [Al-Ma'idah: 2].
It is known that they open savings accounts for customers, and the employee holds a clerical position, such as: an accountant, an auditor, a switchboard operator, or other administrative positions. These banks have many benefits that attract employees to them; such as: a housing allowance equivalent to approximately twelve thousand riyals or more, and two months' salaries at the end of the year. So what is the ruling on that?
Answer: Working in interest-based banks is not permissible; because of what is established from the Prophet (peace and blessings be upon him) in:
cursed the accepter of interest and its payer, and one who records it, and the two witnesses, and he said: They are all equal.
لعن آكل الربا، وموكله، وكاتبه، وشاهديه، وقال: " هم سواءAnd cooperate in righteousness and piety, but do not cooperate in sin and aggression. And fear Allah; indeed, Allah is severe in penalty.
وَتَعَاوَنُواْ عَلَى الْبرِّ وَالتَّقْوَى وَلاَ تَعَاوَنُواْ عَلَى الإِثْمِ وَالْعُدْوَانِ وَاتَّقُواْ اللّهَ إِنَّ اللّهَ شَدِيدُ الْعِقَابِ
Source
binbaz.org.sa
The Arabic text is copied verbatim from the original source, without any edits.