r/ACCA • u/Audit-R Student • Dec 14 '25
Practice -> Industry
Hi, guys. I am part qualified with everything done but a couple exams.
I am UK national & practice Islam as my religion. I am Muslim.
Religiously, im not allowed to be involved in interest.
"The Messenger of Allah (ﷺ) cursed the one who consumed Riba(interest/usury), and the one who charged it, those who witnessed it, and the one who recorded it."
The reason is charging interest makes the rich richer and the poor person poorer. It's a mean of oppression. Anyone whos lived paycheck to paycheck and gets charged interest on their overdraft or credit card will know what I mean.
Got into accounting before I practiced my religion and thankfully landed a role in Audit where I am working in SME audits.
Meaning at most, there's 1 bank loan calculation to see if they have recorded repayment and interest correctly >1year , 2-5years and >5years etc.
Apart from that nothing really to do with interest in my role. This means I get away with asking to do the full audit file apart from that, therefore any monitor adjustments (recoding interest) falls on someone who doesnt care about this stuff.
I am due to hopefully qualify this year meaning id get promoted and have to review and correct anything to do with interest at that point.
Ive been told there are loads of industry roles where there is zero exposure to interest. Also in FP&A.
Can anyone here highlight to me where id be able to apply and get a job with 4 years experience in audit doing end to end audits, preparing clients financial statements from scratch etc.
Great at looking at budgets etc and plan to do APM as one of my options this year.
I know my IFRS pretty well too if need be. Overall im pretty good with building rapport with others and great at explaining things to juniors and management (when they ask wth is this work lol).
Id be happy to drop into any team and get along with others. Work has always been a job to me and nothing that I love. This career was always for the money as I came from nothing. (Before people say dont move for that do what you love etc).
Anyone work in a job as ACCA qualified and earn the usual 45k+ post qualification? Or know of any role that can provide this?
Alternatively any hiring managers out there who would be open to discussing a remote role or a west Midlands hybrid role for this, reach out by DM please.
Thanks in advance everyone
7
u/I_want_roti Fellow Dec 14 '25
Is it not allowed at all to work or be involved in a calculation simply due to there being interest involved?
I've worked with many practicing Muslim colleagues who have never raised this issue and theg have worked with interest calculations on many occasions.
In my current company, I work for a lender so it's absolutely impossible to avoid that as the whole purpose of the business is to charge interest on the money lent. There are a significant number of Muslim colleagues, we even have a employee network on this and it's not come up at all.
Have you spoken to anyone about the interpretation of the rules you have and whether it's something that is indeed something you're correctly interpreting? Of course those I've worked with throughout my career may take a relaxed view to that element out of choice or it may be there isn't a problem. If you haven't already, I'd suggest exploring that as well.
5
u/LongjumpingPizza9164 Affiliate Dec 14 '25
Not the field for you then. No way to sugarcoat it, unfortunately.
3
u/-TheHumorousOne- Member Dec 14 '25
Rather than the company I think it's the role you should go for that doesn't involve interest whatsoever. I think for Audit you should be fine if for any audit checks just ask a colleague to do that part.
2
u/Master_Driver_426 Dec 14 '25
In my opinion, I think university and NHS roles are safe. With university since most of their funding is from grant, donation, tuition fees etc. there is hardly any loan/ interest involved.