Money saving scheme

· 22 Jumada II 1438 AH1 min readEnglish
Business and DealingsInvestments and sharessaving scheme

Question

Is it permissible to save money like any chit funds, for example 40 months scheme for 40 laks but monthly we pay like 60, 70 etc.?

Answer

We do not know how this works.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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