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Job Of A Finance Manager

Question date:   11th December 2006
From:   Kashif Ahmad
Short URL:   http://qa.muftisays.com?3315
Notes:   No Notes
Question ID:   3315
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Assalam-o-Alaikum,

My question is that whether the job of a Finanance Manager is justifiable in Islam or not while as we know that his main job description is to manage the finances of the company, to negotiate with different banks for loans on cheap interest rates, to deposit surplus funds of companies in banks to earn interest income and to make decisions whether to borrow money or issue further shares etc.
Please also give me references. I'll be grateful to you for this favour.

Answer

Ulamaa
Ulamaa ID 04

Answer last updated on:
15th May 2012
Answered by: Ulamaa ID 04

Website
Location: London

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)



The job of a financial manager, also known as financial analyst or business analyst, will be permissible, if your dealings does not involve in Haram transactions like, Riba (interest), insurances etc. In addition, it is also not permissible to advice or encourage others to deal in Haram transactions.



And Only Allah Ta'ala Knows Best.

--------------------------------------
Moulana Qamruz Zaman
London, UK

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