Working in interest related companies organizations : auditing and accounting jobs

Fatawa Question

Assalaam O Alaikum. Q 1. Sir I am an audit trainee. My audit firm has many audit clients including many financial sector clients which clearly indicate that major part of our firm’s income is received from these clients including top most Banking clients... We are only paid a fixed stipend of 6500 irrespective of the client on which we are posted. Since majority of firm clients are financial sector clients therefore our posting is made most of the times on financial sector clients and it goes without saying that financial sector clients provide best audit exposure as more reporting complexities are involved there, therefore these banking clients provide best opportunity for learning. So is this Halal or permitted for us to go on audit of these interests based financial institutions. Yes auditing interest contracts is permissible but anyway most of your auditing is for books. You are not initiating the contracts. Q 2. I I am posted on Standard chartered Bank and late sittings are part of chartered accountancy profession... During our late sitting dinner is provided by the bank. So is it permitted for us to take the bank food during late sittings in office ?? Yes, it is permissible to eat their dinner ; the sin of interest banking is only theirs. Q 3. After completion of our training period, is it Halal (Permitted) for us to work in capacity as an employee for our firm, the major part of whose income come from financial sector clients ? It is not Haram as long as you are writing an interest contract of be a partner to it, but of course, from Shari’ah point of view it is not the best job in the world ! Your deep Islamic insight on Financial Issues will help me to resolve these issues. Thank you, Jazakallah Regards, Munir

Fatwa

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Publication Date

2009-11-10

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-731224

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