Fatwa #193007 June 2011India
I want to know about the islamic ruling regarding doing business with a company "Speak Asia" is it permissible to invest the company. I have so many friends who are just wanting to invest their money but they are waiting for the islamic ruling about the same.
Question
I want to know about the islamic ruling regarding doing business with a company "Speak Asia" is it permissible to invest the company. I have so many friends who are just wanting to invest their money but they are waiting for the islamic ruling about the same.
Answer
Assalāmu `alaikum Warahmatullāhi Wabrakatuh,
We do not know the company Speak Asia. You may forward to us the company’s investment and all related information for our perusal.
And Allah Ta'āla Knows Best,
Muftī Ebrahim Desai
Daruliftaa
35 Candella Rd, Durban, South Africa