Are there any South African Shariah compliant investments that are permissible to invest in?
Question
Asalamualykum
Which shariah compliant investments are permissible to invest in in South Africa?
Jazakallah
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu 'alaykum wa-rahmatullāhi wa-barakātuh.
The Darul Iftaa has designed and approved only 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/
The Darul Iftaa does not bear any responsibility beyond designing and approving the Shariah compliancy of the product. One may invest after one has thoroughly checked the scheme himself and is fully satisfied and invest with his own risk.
And Allah Ta'āla Knows Best
Mohamed Ebrahim bin Ismail Abdullah
Student - Darul Iftaa
Pietermaritzburg, KZN, South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
- Answered by
- Mohamed Ebrahim bin Ismail Abdullah
- Checked & approved by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.