Mufti Online — Madrasah Ta'leemuddeen

Guaranteed Future Value Scheme

· 8 Shaʻban 1438 AH1 min readEnglish
Business and DealingsLoans & Debtsbusinessschemesfinanceprice being fixed

Question

I have seen an advert which offers paying a fixed amount per month for a vehicle valid on the Guaranteed Future Value Scheme. Is this permissable? If so, is it advisable?

Answer

We do not know how this scheme works.

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

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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