Is It Permissible to Refer Someone to Open a Bank Account in Exchange for a Monetary Reward?

Answered by Shaykh Yusuf Weltch

Question

Is it permissible/halal to refer people to a bank account and if the person joins, has id verified, and makes 3 purchases of at least £5 each then I (the person who refers) get a monetary reward? Just wanted to confirm if this is halal.

Answer

In the Name of Allah, the Most Merciful and Compassionate

It is permissible to refer someone to open a permissible non-usurious bank account, such as a checking account, and to receive a monetary reward for doing so. [Taqi Usmani, Fiqh al-Buyu’]

However, referring someone to open a usurious bank account, such as a savings account that accrues interest, is strictly prohibited as it is direct assistance in disobeying Allah Most High. [Ibid.]

Allah Most High says, “Cooperate with one another in goodness and righteousness, and do not cooperate in sin and transgression. And be mindful of Allah. Surely Allah is severe in punishment.” [Quran, 5:2]
 
Hope this helps
Allah knows best

[Shaykh] Yusuf Weltch
Checked and Approved by Shaykh Faraz Rabbani

Shaykh Yusuf Weltch is a teacher of Arabic, Islamic law, and spirituality. After accepting Islam in 2008, he then completed four years at the Darul Uloom seminary in New York where he studied Arabic and the traditional sciences. He then traveled to Tarim, Yemen, where he stayed for three years studying in Dar Al-Mustafa under some of the greatest scholars of our time, including Habib Umar Bin Hafiz, Habib Kadhim al-Saqqaf, and Shaykh Umar al-Khatib. In Tarim, Shaykh Yusuf completed the memorization of the Qur’an and studied beliefs, legal methodology, hadith methodology, Qur’anic exegesis, Islamic history, and a number of texts on spirituality. He joined the SeekersGuidance faculty in the summer of 2019.