Chartered accountancy job
Question
Mufti Sb. i have lot of confusion regarding intrest.
Todays era can not be defined without intrest specially in non muslim countries.I live in India.There are many available courses here such as Chartered accountant,cost Ac.M.B.A.(specially in finance).These all proffessional courses includes study and application of intrest.My question is that can we take up these courses for our studies.
Secondly after completion one would get job in finance sectors such as in banking,insurance etc.Can we do job here and if not than what are other areas where we can do job after completion of these courses.
Answer
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
It is permissible for you to study chartered accountancy and also practice it. An accountant is required to record dealings. Recording interest bearing dealings is not an engagement in interest. It is merely recording what was previously done.
We advise that an accountant do no serve in a conventional bank or insurance company as those institutions are almost completely interest based. There are many other Shariah Compliant avenues in which an accountant can serve.
And Allah knows best
Mufti Ebrahim Desai
Darul Iftaa
- Answered by
- Mufti Ebrahim Desai
Where scholars differ, it’s safer to take the more cautious view.
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue
For corrections or mistakes, please email us at fatawasa786@gmail.com.
Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/15544
Fatawa SA: https://fatawa.co.za/fatwa/askimam-15544
People also ask
Can a Muslim work as an accountant or auditor?
“1. The client has hired your services as an accountant to calculate the income tax due on his earnings and to submit returns on his behalf. There is no harm in offering such a service to the public in lieu of a fee since…”
Ibn Masood · 58 fatawa from 5 Darul Iftas on this
What the Darul Iftas sayRelated fatawa
Ask Imaam2 Jan 2017Is it permissible to run a chartered accountancy?We are running a college of chartered accountancy. Is it OK in Islam?- Ask Imaam30 Jan 20031. Whether doing chartered accountancy is prohibited in Islamic Sharia and apply and suggest on every aspect of financial transaction1. Whether doing chartered accountancy is prohibited in Islamic Sharia. and apply and suggest on every…
Azaadville1 Apr 2023Employment As A Chartered AccountantIs it permissible to work as a chartered accountant?
Mufti Online29 Dec 2018Working as a chartered accountantI have a doubt... sometimes chartered accountants have to record the interest (riba)of a company. The…- Ask Imaam12 Apr 2011A chartered accountant has to audit and verify the accounts of the client. Tell me if this audit and verification is correct or not. And…I am studying for Chartered accountancy. I am from India. My questions is that. A chartered accountant has…
Ibn Masood14 Dec 2021Muslim working as an accountant1. Is it permissible for an accountant to calculate income tax for individuals and submit such returns to…