Working with Financial Companies Involving Riba


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Working with Financial Companies Involving Riba


Question

Assalamualaikum, Alhamdullilah I am in talks in final stages for a data scientist job at a consulting company. The job seems rewarding and the team members seem nice.

However, the problem is part of their business they advice/consult financial companies. As we know these financial companies in Canada are riba based. For example, as data scientist, my job may be to build models that can predict default rate of customers or provide lending strategies to these companies. There may be cases where I am working for other areas as well since it is a consulting company. My question is it halal for me to work in this company? The company website is https://www.payson.ca.

Currently these are my strategies:

  1. Accept the job offer and also keep searching for jobs until graduation(December 2024). If I find something else I will switch.
  2. Accept as it is Halal.
  3. Completely ignore this job as it is Haraam.

Thank you so much for reading and if you could tell me if it is Halal or Haraam, it would really help me.

May Allah bless you for helping.

Answer

Asslamu'alaykum,

If you have yet to take the job, it would be best to avoid taking it. Unless you know for sure that you won't be working with said companies.

And Allah knows best.
Sheikh Ammar Jakda


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