Software Engineering job in Trading company offering CFD, Options, Forex
| Fatwa #1272 | Category: Business & Trade | Country: United Arab Emirates | Date: 6th November 2024 |
| Fatwa #1272 | Date: 6th November 2024 |
| Category: Business & Trade | |
| Country: United Arab Emirates | |
Question
I have an 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.
My job will be in IT department which is responsible for maintaining the ‘reliability’ of the softwares, services so that software are up and running always.
I will NOT be developing 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, configurations of these software.
Company’s main source or earning is the commission, forex-spread, brokerage fees to users using trading CFD, Options, Forex.
My question is regarding my role in IT department.
If it will 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 on users actions?
Note: CFD, Options can be considered as financial Betting, Gambling and Speculation which are not allowed in Islam.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Just as it is not permissible to design software for haram forex, options etc, similarly, maintaining such software will also not be permissible. Almighty Allah says,
وَلَا تَعَاوَنُوا عَلَى الْإِثْمِ وَالْعُدْوَانِ (المائدة: 2)
Translation: “And do not assist one another in sin and oppression.”
And Allah Ta’āla Knows Best
Mufti Bilal Pandor
Concurred by
Mufti Muhammad Patel
Darul Iftaa Mahmudiyyah
Lusaka, Zambia