IslamQA

Auditing companies and checking interest-based calculations

Answered according to Hanafi Fiqh by Fatwa.ca

Question:

My brother is a chattered accountant. He makes audit for different companies. He has to check some interest calculations. Is it is allowed in Islam?

Answer:

Bismillahi Taʿālā

Assalāmu ʿalaykum waraḥmatullāhī wabrakātuh,

The prohibition attached to a scribe for interest-based transactions in Islām revolves around assisting in that transaction being carried out. In an audit, however, an accountant reviews the transactions which have already been conducted and completed. Hence the income from such an audit is permissible.

And Allāh Taʿālā knows best,

Wassalamu ʿalaykum,

Mufti Faisal al-Mahmudi

This answer was collected from Fatwa.ca, which is a fatwa portal operated by Mufti Faisal al Mahmudi from Canada. 

Find more answers indexed from: Fatwa.ca
Read more answers with similar topics:
Subscribe to IslamQA Weekly Newsletter

Subscribe to IslamQA Weekly Newsletter

You will receive 5 Q&A in your inbox every week



We have sent a confirmation to you. Please check the and confirm your subscription. Thank you!