Fatwa #4803912 July 2024South Africa
Investing in Green Gold
Question
Assalaamu'alaykum,
I have a query of Greengold Investment company
Is it halal and can I go ahead with it ?
According to my knowledge its business model is reducing greenhouse games by purchasing and growing forests and selling certificates to companies to do their due diligence in offsetting their carbon emissions by investing with them.
https://www.greengold.se/
https://youtu.be/KnA57edEq9Q
Your swift response will be appreciated.
Jazakumullah'khayr
Answer
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
In the Name of Allah, the Most Gracious, the Most Merciful.
Respected Brother in Islam,
Jazakallah for your query. In order for us to advise you, explain to us the details of the investment model. How will an investor invest? What are the terms and conditions of investing in the company? We will advise you further.
You may revert to us at admin@daruliftaa.net ref. Asadullah Moolla
And Allah Ta’ala Knows Best
Asadullah Moolla
Student Darul Iftaa
Devon, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
(2021-06-22)