Ruling on working in Bank al-Bilaad

Firstly: 

The Financial Institution is to be commended for its keenness
to establish a bank whose operations are run in accordance with shar’i
rulings. We ask Allaah to help them to do that which He loves and is pleased
with. 

Secondly: 

If the operations of the bank are run in accordance with
Islamic guidelines, there is nothing wrong with working there, even if it is
not called an Islamic Bank. But if its operations are based on riba in
lending and borrowing, or other haraam things, then it is not permissible to
work there even if it is called an Islamic bank. What matters is what really
happens, not mere names.  

The sharee’ah council of the bank has issued a statement
which suggests that the Bank al-Bilaad will submit to a shar’i policy which
requires it to show all its operations to the sharee’ah council, and to
abide by the council’s decisions; the banks operations will be overseen by a
shar’i committee. The shar’i policy of this bank states that the bank is
committing itself from the outset to applying sharee’ah in all its
operations.

This is a good sign, praise be to Allaah. We ask Allaah to
bless them and help them. You can also get in touch with the members of the
shar’i committee to find out more and put your mind at ease. 

And Allaah knows best.