Question: Is it permissible to work in a microfinance bank?
Answer: Microfinance banks are known for providing small loans to people, but they are also interest-based banks. Loans are provided on the basis of interest, so working in such a bank is akin to cooperating in interest-based transactions. Therefore, working in such a bank is prohibited in the same way as working in other interest-based banks. Consequently, the income earned through the bank would not be considered halal (permissible).
Sheikh Maqbool Ahmed Salafi (may Allah preserve him) ❪Jeddah Dawah Center, Hayy Al-Salamah – Saudi Arabia❫
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