Fatwa: 124

Category: fatwas about selling and monetary transactions

Working as an accountant

The question:

What is the ruling regarding studying accountancy at the university? And what is the ruling concerning working as an accountant? May Allah reward you with best.

The answer:

All praise is due to Allah, the Lord of the Worlds. Peace and blessing be upon whom Allah sent as a mercy to the Worlds, upon his Family, his Companions and his Brothers till the Day of Resurrection.

Often, the job of the accountant is related to the banks that deal with prohibited usury, to taxation authorities which seize people’s money unjustly and transgressively, and to industrial and commercial companies where he is in charge of filling up the account books and applying for usurious loans in order to carry out the plans of the company. In these companies, the accountant is also in charge of working out the usurious interests, then sharing them among employees and workers in the form of bonus or others, for he is the one who represents the financial side of the company, substitutes it in all its financial affairs and works for its benefit.

Therefore, if the major part of the accountant’s work is limited, on the whole, to what is mentioned above, the person is advised not to do such a job and not to make studies in this field because of its outcome, since it is known that the means have the same ruling as the aims and that the thing which follows another thing shares the same as it.

The perfect knowledge belongs to Allah عزَّ وجلَّ. Our last prayer is all praise is due to Allah, the Lord of the Worlds. Peace and blessing be upon our Prophet, his Family, his Companions and Brothers till the Day of Resurrection.

Algiers, Al-Muharram 29th, 1427H.
Corresponding to: February 28th, 2006.

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