Fatwa #1361928 October 2005United Arab Emirates
I wish to invest in Roshgold investments and want to know if it is permissible
Question
I wish to invest in Roshgold investments and want to know if it is permissible. I think it is in the property market. Also can I invest in Roshsun. If it is not permissible, do you have any other alternative halaal investment avenue. I need a reply ASAP.
Jazakalla for your time. May Allah reward you’ll abundantly and grant you in steadfastness in Deen.
Answer
We have not studied or investigated Roshgold and Roshsun, hence we cannot comment.
As a general rule, the first factor one should look out for when searching for a Halaal investment would be to ask: Do they have reliable Ulama on board to check and supervise their products. If no, it would best to refrain.
At present we have not approved any investment scheme.
And Allah Ta’ala knows best.
Was Salaam
Mufti E. Vawda
for Daarul Iftaa