So is it permissible to work in this software development company?

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Ref no: 0219#

Date: Tuesday, June 7, 2011

Category

Fiqh

Title

 

So is it permissible to work in this software development company?

Question

I’m working in software Development Company which focus on developing software’s for ‘Derivatives & commodities back office solutions ‘&’ Margin Financing for Equities. Those software’s will be sold to banks. And we need to support and amend some transactions includes Interest transaction time to time. You’ve given Fatwa that ‘Derivatives is haram’. So is it permissible to work in this software development company?

Answer

Muhtaram / Muhtaramah

In the Name of Allāh, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāh wa-barakātuh.

 

The ruling regarding working in the software development company mentioned in the query will depend on the nature of the company:

· If the sole purpose of the company is to develop software for Banks and other unislamic financial institutes, then it will be haraam (impermissible) to work for such a company.

· If the company develops all kinds of software and also develops software for banks and other unislamic financial institutions, then it will makrooh tahrimi (very undesirable) to work for such a company.

(Jawahir al-Fiqh Vol.2 Pg.459-462 – Maktaba Dar al-Uloom Karachi)

In both cases, it will be advisable to look for another job which is Shari’a compliant. However, you could continue with your present job until you find a suitable job and keep repenting to Allah Ta’ala for being involved in something impermissible.

And Allah knows best
Darul Iftaa

Madrasah Inaa’miyyah

 

 

· The Sharée ruling herein given is specifically based on the question posed and should be read in conjunction with the question.

· The Darul Ifta bears no responsibility to any party who may or may not act on this answer. The Darul Ifta being hereby exempted from loss or damage howsoever caused.

· This answer may not be used as evidence in any Court of Law without prior written consent of the Darul Ifta.

 

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