| Source: | http://qa.muftisays.com/?11839 |
| Question ID: | #11839 |
| Question: Riba - accountant | |
| As-salāmu ʿalaykum,
I have a question I’d like to ask you, as I sincerely hope to specialize in Islamic finance in the future and eventually become a chartered accountant. I’d really appreciate your opinion on the following situation: Let’s imagine a client working in the construction or restaurant industry, for example, decides to change accountants. As a result, we take over their file, meaning we receive all their previous accounting records (cash inflows and outflows). However, it’s possible that this client took out a conventional (interest-based) loan in the past to finance their business activities. My question is: despite this loan, are we still allowed to become this client’s accountant? This would involve, on our end, recording in the client’s books every month the interest payments made to the bank, as well as the repayment of the loan principal. We, of course, did not advise the client to take out this loan, nor do we work in collaboration with the bank. However, our job is to provide a true and fair view of the client’s financial situation, by recording everything they receive (income) and everything they pay (expenses, including interest expenses). Would simply recording these interest charges in their accounts be considered haram in and of itself? BarakAllahu feek, Manel |
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| Answered by: | Ulamaa ID 04 (London) |
| Date: | 06/05/2025 20:04pm |
بسم الله الرحمن الرحيم
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| Mufti Qamruzzaman London, UK |
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| www.MuftiSays.com | |