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Job Of A Finance Manager

Last updated: 11th December 2006
Question ID: #3315
Short URL: http://qa.muftisays.com/?3315
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Kashif Ahmad
11th December 2006

 
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.