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Thursday, July 16, 2009

Handling a Trust with Interest Income

Q: I am an accountant handling the work of a trust. Less than half of the income of the trust is interest. Can I handle this account?

A: Our pristine Shari'ah strictly prohibits any level of participation in interest (Riba). Although the portion of interest is less than half of the entire income, it will not be permissible to handle this type of trust.Allah Ta'aala knows best.

Moulana Yusuf Laher
Checked and approved by: Mufti Siraj Desai