Q: If an organisation receives interest, can this interest funds be used to pay its expenses such as electricity and water, telephone, bank charges, repairs and maintenance?
Q: Ive heard a lecture a while back about "Interest". The moulana mentioned a hadith wher our Beloved S.A.W mentions that the giver taker and the recorder of interest are all equal in sin. On this point the moulana mentions a warning to all the muslim accountants, and he says that they too fall within this category as their work work involves recording of interest and so on. My worry is that I am working in an accounting firm and my concience worries me regarding the above. Please advise me.