{"id":33998,"date":"2024-11-30T11:25:08","date_gmt":"2024-11-30T11:25:08","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/home\/?p=33998"},"modified":"2024-12-28T22:24:02","modified_gmt":"2024-12-28T22:24:02","slug":"employment-in-a-haram-income-based-company","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/employment-in-a-haram-income-based-company\/","title":{"rendered":"Employment In A Haram Income Based Company"},"content":{"rendered":"

Fatwa ID: 07732<\/strong><\/span><\/p>\n

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Answered by Alimah Shireen Mangera-Badat<\/strong><\/span><\/p>\n

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Question:<\/b><\/span><\/p>\n

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I have a job offer from a Trading exchange company which deals in CFD (contract for difference), Options and Forex. I know CFD and Options are haram and Forex is halal\/haram based on conditions.<\/span><\/p>\n

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My job will be in the IT department (security side) which is responsible for maintaining the ‘reliability’ of the softwares and services so that softwares are up and running always. I will NOT be developing the main software which provides features\/services to deal with CFD, Options or Forex, but I’ll be responsible for reviewing the software design, their setup and configurations of these softwares.<\/span><\/p>\n

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The company’s main source of earnings is the commission, forex-spread, brokerage fees to users using trading CFD, Options and Forex.
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My question is regarding my role in the IT department. Will it be fine to work for such an organization when we are ‘indirectly’ involved in making such softwares available to users, but do not have any control over the user’s actions?\u00a0<\/span><\/p>\n

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Note: CFD and Options can be considered as financial Betting, Gambling and Speculation which are not allowed in Islam.<\/span><\/p>\n

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In the name of Allah, the Most Gracious, the Most Merciful<\/b><\/span><\/p>\n

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Answer<\/b>:\u00a0<\/span><\/span><\/p>\n

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CFDs are often considered impermissible (haram) in Islamic finance, as they involve elements of:<\/span><\/p>\n

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