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Fatwa #3878023 July 2017South Africa

Islamic Financial Investments

Answered by Muajul I. ChowdhuryChecked by Mufti Ebrahim Desai

Question

Respected  mufti 

Can you advise me which Islamic financial investments are permitted in Islam as there are many that are advertised by commercial banks 

Answer

In the Name of Allaah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may forward us the Islamic financial investment scheme/s you are interested in and we will advise accordingly.

The Darul Iftaa has approved and certified the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. You may view our Certificate of Shariah Compliancy on their website: http://almabroorprojects.com/shariah-compliance/

It should however be noted that the Darul Iftaa does not bear any responsibility beyond that. One may invest after one has thoroughly checked the scheme himself and is fully satisfied.  

And Allaah Ta’aala Knows Best

Muajul I. Chowdhury

Student Darul Iftaa

New York, USA

Checked and Approved by,

Mufti Ebrahim Desai.

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