Fatwa #3728124 November 2016South Africa
List of investment entities approved by Darul Iftaa
Question
Asalamualaykum.
I would like to know if it is possible if you could provide me with a list with all investments which darul ifta has approved of.
Jazakallah your reply would be much appreciated.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
The Darul Iftaa has approved the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. The certificate of Shariah compliancy was awarded to them by the Darul Iftaa. You may view this on their website.
It should however be noted that the Darul Iftaa does not bear any responsibility beyond that. One may invest after one has fully checked the scheme themselves and are satisfied.
And Allah Ta’āla Knows Best
Safwaan Ibn Ml Ahmed Ibn Ibrahim
Student Darul Iftaa
Limbe, Malawi
Checked and Approved by,
Mufti Ebrahim Desai.