Question Summary: Is it permissible to work at the World Bank? Question Detail:
It is permissable for a Muslim to work at the World Bank. It has the name 'Bank' but is mostly an aid organization.
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The activities of the World Bank are defined as follows according to their website WorldBank.org[1]: "We provide low-interest loans, interest-free credits, and grants to developing countries... Some of our projects are cofinanced with governments, other multilateral institutions, commercial banks, export credit agencies, and private sector investors. We also provide or facilitate financing through trust fund partnerships with bilateral and multilateral donors. Many partners have asked the Bank to help manage initiatives that address needs across a wide range of sectors and developing regions. We offer support to developing countries through policy advice, research and analysis, and technical assistance. Our analytical work often underpins World Bank financing and helps inform developing countries’ own investments. In addition, we support capacity development in the countries we serve. We also sponsor, host, or participate in many conferences and forums on issues of development, often in collaboration with partners." Based on these details, the World Bank does participate in certain activities similar to conventional banks such as providing interest-based loans. As such, in order for us to further advise you on this matter, we will require the specifics on the job description of the person who is working or plans on working for the World Bank. You may forward your reply to the following email address: admin@daruliftaa.net And Allah Ta’āla Knows Best Bilal Mohammad Student Darul Iftaa USA Checked and Approved by, Mufti Ebrahim Desai. www.daruliftaa.net
[1] "What We Do", World Bank, accessed on November 18, 2013, http://www.worldbank.org/en/about/what-we-do
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