Financial Management

[mr2299muslim]

I'm currently a student of accounting and finance and one of my teachers stressed on The fact that accounting and finance profession as it involves speculation and interest in it is haraam so I can't understand that, all the economies of the world are based on interest and its part of the system so how can one avoid it ! Furthermore does that mean an finance professional is same in the context of Islam as an actor or singer who is clearly categorized as haraam? Pls explain brothers I'm in great distress abt this

 

[BeTheChange]

Asalamualykum,

Please read the below article;

https://islamqa.info/en/103181

Also ensure it coincides with your school of thought.

May Allah swt allow you to get closer to HIM Ameen.

 

[Khalid Saifullah]

Accounting profession: most transactions in the west involve riba , and Rasulullah Sallallaahu Alayhi Wasallam cursed the giver; taker and even the one recording and witnessing the transaction.

Rather specialise in tax law or something else .... something not involving riba

And Allâh Ta’ala knows best

 

[mr2299muslim]

What abt doing MBA in marketing side or HR or any other area of MBA which u might feel is halaal

 

[mr2299muslim]

Yeah auditing and taxation I will try pls pray for me I can do that, per se accounting involves recording riba I'm aware ,