Old mutual and oasis unit trust

· 2 Safar 1435 AH1 min readEnglish
Business and DealingsInvestments and shares

Question

Is old mutual and oasis unit trust accounts halaal? I am a student looking to invest my money. I previously sent a question but I did not receive a relevant answer.

Answer

We do not know the workings of these trusts, hence we are not in a position to issue a shar'ee ruling.

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

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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