Darul Iftaa Mahmudiyyah

Can you please tell me where I can invest my money without coming close to riba or any kind of haram?

· 25 Shawwal 1421 AH1 min readFatwa 1927English

Question

A list of Islamic banks in the US or overseas; if funds are acceptable; etc.

Answer

We advise you invest your monies in Dow Jones as it is supervised by a panel of reliable jurists. Kindly refer to www.jamiatusa.org for more details.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai
FATWA DEPT.

Answered by
Mufti Ebrahim Desai
View original Compare with other Darul Iftas
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah. It is not a fatwa service. For your own situation, please ask a Mufti. Report an issue

For corrections or mistakes, please email us at fatawasa786@gmail.com.

Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/1927
Fatawa SA: https://fatawa.co.za/fatwa/askimam-1927

People also ask

What should I do with bank interest?

“The receiving and giving of interest is totally impermissible. In the unfortunate event of being involved in an interest bearing transaction, the interest money must be returned to its original owner (the one from whom interest…”

MUBZ · 321 fatawa from 9 Darul Iftas on this

What the Darul Iftas say

Related fatawa