Bank

A bank is a financial institution that accepts deposits from the public and creates credit. Lending activities can be performed either directly or indirectly through capital markets.

60849

Bank . Interest
As there are no Islamic banks in my country, is it permissible to open an account in a conventional bank and earn interest on fixed deposits?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago

Yes, it is allowed to open an account in non Muslim banks. The interest which they usually add on your money is allowed for you to take as far as you did not put a condition on them to pay you interest, but you know that they usually pay interest.

Wassalam.
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59327

Investment . Bank . Employment
Is it permissible to work in a financial institution, such as an investment bank, as an analyst or portfolio manager creating and implementing investment strategies for individual investors or institutions who invest in different funds?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago

If your work does not promote or help or encourage Riba ( unlawful interest from Muslim ) which is Haraam, then it is allowed.

Wassalam.
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57700

Bank . Interest
I was unable to open a checking account at my bank and so opened a savings account that has since been credited with some interest. What should I do with this interest?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago

If the bank is owned by non Muslims, and you did not put a condition on them to pay you interest, you can use that amount which is given by them willingly.

If the bank is owned by Muslims, you may give that additional amount to the poor.

Wassalam.
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50003

Bank . Interest . Credit Card
As far as you don't
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 6 years ago

It is permissible to receive payments through Credit Cards as far as you ae selling a material which is allowed to sell. If and only if you are sure that the Whole money of the Card holder is Haraam (unlawful) then you will not be allowed to take such unlawful money.

Wassalam
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47044

Pension . Riba . Bank
Is it permissible for a person to take pension from a riba based bank where he used to work in the past and from where he has voluntarily retired?
Abolfazl Sabouri, Abolfazl Sabouri is based in New Zealand and has an MA in Jurisprudence and Islamic Studies. He is a graduate of Elmiyeh seminary in Qom with more than 15 years of study and research where he has... Answered 7 years ago

It is permissible but he should pay its khoms. 
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