Recording interest transactions as part of one's work

Q: I have a contemporary business question to inquire about.

Would it be permissible to apply for work at a company that deals with various financial schemes if:

The company sells clothing and furniture and offers various financial services for its customers such as credit purchases, lay-by's, higher purchases, loyalty programs for monthly fees and so forth.

Customer will make use of these financial scheme services that are offered to allow them paying less at one time but the consequences of not paying cash incur interest which happens to many.

The work I would be doing is directing calls, working in despatch during certain hours and the rest in, reconciliating ledgers and providing debtors and creditors list regularly, in line with their financial scheme pay back plans which makes part of the work to record interest that is owed to and paid for by the customers.

I would like to know the Islamic perspective on whether or not it will be permissible for me to work and earn halaal money from the company for the services I will render? Or should I find work that does not involve recording of interest.

A: If the work you are employed for is of a halaal nature, it will be permissible for you to accept the employment. However, recording transactions which are associated with interest is in some way condoning this wrong. Hence, you should try your best to refrain from this. If you get involved in it, then you should sincerely make taubah.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)