Designing Softwares For Asset Management And Leasing Companies
I am working as software Engineer in company which makes assets and automobile leasing software. Their product is very complex and will take more than an year to understand but basic overview is it manages the contracts system for Asset finance companies which operate on interest. I read and watch some islamic scholars saying that if asset company or even banks take the owner ship of vehicle or anything and then provide it on instalments for a fixed period of time then it is permissible in islam as long as both buyer and seller agree on one price.Money against Money is Riba which is totally prohibited in islam. Now The company i am working for makes software for asset finance company. I dont know if they give loans or just provide finance over an asset. Plus there is option in a software where lender can get a penalty in case of late payments. Is working there for me considered halal or haram. Is my source of income halal ? Thankyou