Darul Iftaa Mahmudiyyah

Investing in Heera Group

· 15 Shawwal 1437 AH1 min readFatwa 36417English

Question

Question: Can I invest money in Heera group. Is it permissible to invest in Heera Group. CEO of Heera group is a lady from India. I got some information regarding the Heera group, that it is done as per the Islamic shariah. Please let me know. The business is done in many countries

Answer

Answer:

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu

We have browsed through the website of Heera Group and hereby advise that we cannot issue a ruling until we receive more specific information regarding their product offering.

Kindly submit the following information accordingly:

1. Terms and conditions

2. Underlying investment assets

3. Profit calculation

4. External/Internal Auditing Protocol

And Allah Ta’āla Knows Best

Mufti Ismail Desai,

Darul Iftaa

Checked and Approved,

Mufti Ebrahim Desai,

Darul Iftaa

Answered by
Mufti Ismail Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/36417
Fatawa SA: https://fatawa.co.za/fatwa/askimam-36417

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