Studying Accounting and Preparing Financial Statement for Muslims and non-Muslims

Answered according to Hanafi Fiqh by Askimam.org

Will it be OK to study accounting and prepare the financial statements of Muslim and non-Muslim businesses and companies?

Answer

In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is permissible to study accounting and prepare financial statements for your clients.

You may refer to this link for some guidelines and advices by Hazrat Mufti Taqi Uthmaani (Hafidhahullaah) for accountants. 

And Allah Ta’ala Knows Best

Muajul I. Chowdhury

Student, Darul Iftaa

New York, USA

Checked and Approved by,
Mufti Ebrahim Desai.

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