01-20-2007, 04:30 PM
A friend of ours has stated that the companies also deal in interest so there income is also haram. I would like to refer to a TV program named Aalim Online, a leading program on creating awareness of Islam among people.
Someone asked guidance on a problem on a phone call from the scholar. He was in America and worked in a general store where many haram goods like liquor were also sold. He asked that whether his income was haram. The scholar replied that if your store trades only in haram goods, it is haram, otherwise its not, because there are traded many halal goods also. But if you get an opportunity, then you better not work at such stores. As you all know, it is nearly impossible to find a store in America not presenting liquor, so what he did was no wrong.
The same criterion is for the companies, they should avoid dealing in interest bearing finances. Just having transactions with bank doesnât make it haram.
There are many solutions for that which are according to shariah. If you are aware of the present market dealings, then you should have knowledge of Islamic banking, which is spreading so fast that some economists predict that after 20 to 25 years the whole world will be dealing in Islamic mode of banking.
Sometimes fluctuating rates of interst are also used in such dealings e.g. âkibor plus ratesâ etc, which are under discussion for being Islamic or not.
So buddy take a chill pill and donât get emotional.
Someone asked guidance on a problem on a phone call from the scholar. He was in America and worked in a general store where many haram goods like liquor were also sold. He asked that whether his income was haram. The scholar replied that if your store trades only in haram goods, it is haram, otherwise its not, because there are traded many halal goods also. But if you get an opportunity, then you better not work at such stores. As you all know, it is nearly impossible to find a store in America not presenting liquor, so what he did was no wrong.
The same criterion is for the companies, they should avoid dealing in interest bearing finances. Just having transactions with bank doesnât make it haram.
There are many solutions for that which are according to shariah. If you are aware of the present market dealings, then you should have knowledge of Islamic banking, which is spreading so fast that some economists predict that after 20 to 25 years the whole world will be dealing in Islamic mode of banking.
Sometimes fluctuating rates of interst are also used in such dealings e.g. âkibor plus ratesâ etc, which are under discussion for being Islamic or not.
So buddy take a chill pill and donât get emotional.
