Darul Iftaa Mahmudiyyah

Islamic Financial Investments

· 29 Shawwal 1438 AH1 min readFatwa 38780English

Question

Respected mufti

Can you advise me which Islamic financial investments are permitted in Islam as there are many that are advertised by commercial banks

Answer

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

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

You may forward us the Islamic financial investment scheme/s you are interested in and we will advise accordingly.

The Darul Iftaa has approved and certified the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. You may view our Certificate of Shariah Compliancy on their website: http://almabroorprojects.com/shariah-compliance/

It should however be noted that the Darul Iftaa does not bear any responsibility beyond that. One may invest after one has thoroughly checked the scheme himself and is fully satisfied.

And Allaah Ta’aala Knows Best

Muajul I. Chowdhury

Student Darul Iftaa

New York, USA

Checked and Approved by,

Mufti Ebrahim Desai.

Answered by
Muajul I. Chowdhury
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/38780
Fatawa SA: https://fatawa.co.za/fatwa/askimam-38780

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