Working in a Company That Develop Softwares for Asset Financing and Auto Mobile Leasing Companies
Assalam o Alikum , I am working as software Engineer in company which makes asset finance and automobile leasing software. Their product is very complex and will take more than an year to understand but basic overview is it manages the contracts system for Asset finance companies which operate on interest. I read and watch some islamic scholars saying that if asset company or even banks take the owner ship of vehicle or anything and then provide it on instalments for a fixed period of time then it is permissible in islam as long as both buyer and seller agree on one price.Money against Money is Riba which is totally prohibited in islam. Now The company i am working for makes software for asset finance company. I don’t know if they give loans or just provide finance over an asset. Plus there is option in a software where lender can get a penalty in case of late payments. Is working there for me considered halal or haram. Is my source of income halal ? My Second Question is they also have very small department where they just make random software. But the main revenue they generate is from their product i just mentioned above. Can i work there too if they allow me to change me department ? I know its a long question But I really need guidance as i am having doubts whether my income is halal or not . Jazak Allah
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
Wa ‘alaykum us-salāmu wa-rahmatullāhi wa-barakātuh.
Respected brother,
It is pleasing to see you appreciating your loving Lord’s uncountable favours by wanting to obey him.
May Allah Subhanahu wa Ta’ala facilitate you in all your good intentions and reward you according to His exalted shaan.
1: Your job description comes under writing of contracts of interest based transactions. Such work and income is cursed as;
Muslim narrated that Jaabir radiallaho anh said: The Messenger of Allah (blessings and peace of Allah be upon him) cursed the one who consumes riba and the one who pays it, the one who writes it down and the two who witness it, and he said: they are all the same.
2: Yes, this opinion is correct that if asset companies or banks take the owner ship of vehicle or anything and then provide it on instalments for a fixed period of time then it is permissible in islam as long as both buyer and seller agree on one price.
3: Yes, working in the company’s other department is a good option, if they allow change.
It’s recommended that repenting perpetually actively search for permissible job options while in this company .
And Allah Ta’āla Knows Best