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❫
Discover authentic Quranic and Hadith references on Salah for pure, correct Islamic worship Read More
Discover the pivotal roles of Khadijah, Aisha, and other remarkable women who shaped Islamic history through their leadership, intellect, and… Read More
Explore Islam's core beliefs, practices, and views on modern issues through answers to frequently asked questions. Dispel myths and gain… Read More
Discover how modern Muslims can balance faith and contemporary life using the Salaf methodology. Tackle cultural integration, identity, and staying… Read More
Discover how forgiveness in Islam, guided by the Quran and Hadiths, can heal your heart and bring peace to your… Read More
Discover the astonishing scale, state-of-the-art facilities, and meticulous organization of Masjid Haram—a true marvel of faith and modern ingenuity Read More