Darul Iftaa Mahmudiyyah

Investing in Green Gold

· 6 Muharram 1446 AH1 min readFatwa 48039English

Question

Assalaamu'alaykum,
I have a query of Greengold Investment company

Is it halal and can I go ahead with it ?

According to my knowledge its business model is reducing greenhouse games by purchasing and growing forests and selling certificates to companies to do their due diligence in offsetting their carbon emissions by investing with them.

https://www.greengold.se/
https://youtu.be/KnA57edEq9Q

Your swift response will be appreciated.
Jazakumullah'khayr

Answer

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

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

Respected Brother in Islam,

Jazakallah for your query. In order for us to advise you, explain to us the details of the investment model. How will an investor invest? What are the terms and conditions of investing in the company? We will advise you further.

You may revert to us at admin@daruliftaa.net ref. Asadullah Moolla

And Allah Ta’ala Knows Best

Asadullah Moolla

Student Darul Iftaa
Devon, South Africa

Checked and Approved by,
Mufti Ebrahim Desai.

(2021-06-22)

Answered by
Asadullah Moolla
Checked & approved 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/48039
Fatawa SA: https://fatawa.co.za/fatwa/askimam-48039

Related fatawa