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The question

Is working at the National Commercial Bank permissible and lawful, given that it is an Islamic bank, or not?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

It is permissible to work in Islamic banks that adhere to rules, such as Al-Rajhi Bank and Bank Al-Bilad, and in banks that are seriously transforming into Islamic banks, provided they commit to the decisions of the Sharia board. It is forbidden to work in interest-based (riba-based) banks, or in the interest-based departments of banks that operate Islamic windows. As for working in Islamic windows, it depends on the Sharia-based interest: some permit it to encourage Islamic dealings, while others believe it lends legitimacy to the interest-based bank. The ruling varies with time; in the beginning of Islamic banking, its encouragement was necessary. However, after the availability of sufficient Islamic banks, it is not permissible to work in interest-based banks under the pretext of Islamic windows.

Summarized from the full answer at Ftawy · imported

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Where this answer came from
Source platform
Ftawy
Original fatwa ID
24548
Imported
Translation status
Source text, unreviewed
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