Question:

I have applied for a position as a financial manager. Two of the job description concern me namely

1.To maintain and manage the company treasury function including local and foreign funds.

2.To manage the company long term debt facilities in accordance with the debt agreements.

So to expand this will entail moving funds from the current account to the fixed deposit accounts and administer the process as well as administer the forward exchange contracts.

I will not be signing any documents or agreements.

Over and above this I would be performing interest calculation an reviewing the accounts.

 


 

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

We have taken note of your query and assume that aside from housing prior experience working in a bank, as an `Ālim you are highly concerned about dealing with ribā and other unislamic financials. Based on this, we provide the following advice:

The job description provided above highlights factors that potentially may contravene specific injunctions of Sharī`ah such as managing long-term debt facilities and forward exchange contracts. Even though you may not be signing off any documents, you will still be in charge of managing and administering funds related to these transactions.[1] Allāh Ta`ālā says in the Holy Qur’ān:

 

وَلَا تَعَاوَنُوا عَلَى الْإِثْمِ وَالْعُدْوَانِ وَاتَّقُوا اللَّهَ إِنَّ اللَّهَ شَدِيدُ الْعِقَابِ

And do not assist one another in sin and aggression. And fear Allah; indeed, Allah is severe in penalty. [Al-Qur’ān; 5:2]

 

The general principle laid out in the verse above demands that we protect ourselves from providing assistance in any sinful acts by steering clear of any areas where we might become potential agents in carrying out harām acts. As such, taqwā and diyānah calls for a more cautious approach when pursuing employment for such positions.

The information you have provided in your query may generally outline your job description, but it remains ambiguous and unclear in providing a more comprehensive definition of this position. It may be more useful if you present to us your specific doubts regarding this job so we may be able to assist you on those particular issues.

 

And Allah Ta’āla Knows Best

 

Bilal Mohammad

Student Darul Iftaa
New Jersey, USA

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net

 



[1] Islam Aur Jadeed Ma`āshī Masāil, v. 4 p. 135, Idāratul Islāmiyyāt;

Fatāwā Dārul `Uloom Zakariyyā, v. 5 p. 675, Zam Zam Publishers

KHARWASTAN

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