Is it permissible for an accountant to produce external reports for banks ?

Fatawa Question

I currently work for my own company specializing in providing accountancy services mainly to large corporate businesses. i work 6-12 month contracts on projects or providing short term cover. My contracts are primarily in the banking sector. My key responsibilities are to support the production of external reporting for the bank so that it can be sent to the regulator ; the financial services authority. The reports represent a snapshot of the capital requirements of the bank (i.e. how much money the bank should keep a side to prevent themselves from failing / collapsing during economic downturn periods). My job is to ensure the numbers presented in the report are a calculated accurately using regulator rules and provide commentary on the numbers. My job is all back office work and does not involve selling interest based products or driving business strategy. My question is whether it’s prohibited to provide my working services, as described above, to a bank ? If yes, is it also forbidden to provide my services to any alcohol or tobacco selling companies, defense / military companies or companies that generate revenue from these types of businesses ?

Fatwa

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Publisher

al-Qalam Shariah Scholar Panel

Publication Date

2014-10-09

Country of Publication

United Kingdom

Main Subjects

Financial and Accounting Sciences
Religion
Law
Islamic Studies

Topics

• Banks
• Islamic jurisprudence
• Accounting
• Financial statements

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-726404

• APA
• MLA
• AMA