Doing research on banking and the financial sector
Question
Is it permissible in Islam to research banking and financial sector? I am currently researching how bank management and governance structures influence the profitability of banks. I also want to publish my research paper at the end. Is it halaal or haraam?
Answer
In our understanding, a bank revolves around haraam. The main business is usury which is a curse. Whatever accrues from this business is also accursed.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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