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Fatwa #4044111 June 2019South Africa

Halaal Investment Opportunities

Checked by Mufti Ebrahim Desai

Question

As Salaamu Alyqum.

Are there any halaal investment opportunities in South Africa which you endorse or recommend?

Is the Al Baraka Hajj investment permissible to invest in?

Jzkl.

Answer

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

As-salaamu ‘alaykum wa-rahmatullaahi wa-barakaatuh.

The Darul Iftaa has approved and certified the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. You may view our Certificate of Shari’ah Compliancy 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 thoroughly checked the scheme himself and is fully satisfied.  

You may forward us the Al Baraka Hajj investment contract(s) and terms and conditions at admin@daruliftaa.net (ref. Muaz) and we will advise accordingly.

And Allaah Ta’aala Knows Best.

Muajul I. Chowdhury

Student, Darul Iftaa

Astoria, New York, USA

Checked and Approved by,
Mufti Ebrahim Desai.

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