1. 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
2. Invoicing and Taxes
Q: I am getting some good from another country. Is it permissible to ask the company to create a seperate invoice with a lower value in order to pay less tax on the goods?
A: In Islam taxation that is imposed on the wealth of people is not permissible, even if such taxes are fixed by Muslim governments, let alone non Muslims. The Muslim Jurists have stated in many of their works that a Muslim is allowed to utilize any method at his disposal to avoid paying taxes, even though such a method may appear dubious or deceptive. In reality one is warding off an unjust imposition, whereas deceit and false pretences are only haraam when the idea is to acquire the property of another unjustly, or cause unlawful loss to the property of another.
And Allah knows best
Mufti Siraj Desai
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In the Court of Rasulullah sallallahu alaihi wa sallam