Working as a finance manager

Q: Is it permissible to work as a Finance Manager in a manufacturing company whose financing lines are all from interest based banks and the Finance Manager would have to be leading this activity of arranging loans, managing them and recording them?

A: This type of work is not permissible, as one will be arranging interest bearing loans for the company. Such a person has been cursed in the Hadith. Hazrat Jaabir (radhiyallahu ‘anhu) reports that Rasulullah (sallallahu ‘alaihi wasallam) cursed the one who consumes riba (interest), the one who feeds it to others, the one who records it (i.e. the transaction) and those who are witness to it (i.e. the transaction). Rasulullah (sallallahu ‘alaihi wasallam) also said, “All of them are equal (in the sin of interest).”

Hence, one should not accept this type of work in such a company.

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


Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)