Avoiding Usury and Prohibited Transactions

26-10-2023 | IslamWeb

Question:

Salaam I do work as a accountant for different companies, the main business they do are halaal, but some companies have taken loans or pay minimal interest from a current account sometimes, can I do the books but no record the interest or record it as fines or just take it to a suspense account and tell the people to stay away and pay off loans, also I told them to take a muslim bank account which does not have interest is this allowed, also I do tax return returns and if the company pay late the government charges interest, I always advise the company to pay on time to avoid interest can I still do the tax returns. JazakAllahu Khayran.

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Answer:

All perfect praise be to Allah, The Lord of the Worlds. I testify that there is none worthy of worship except Allah, and that Muhammad is His slave and Messenger.

If you avoid registering usurious interest and anything that involves direct or intended assistance in forbidden transactions such as usurious loans and the like, and your work is in what is permissible, then there is no blame on you for it, just as there is no blame on you for submitting tax returns, and you are not responsible for the fines imposed by the state due to the company’s delay in paying. It is imperative to provide advice, to the best of your ability, to those in charge of companies, urging them to avoid usury.

Allah knows best.