Shariah compliant investments
Question
Are there any Shariah compliant investments that your Darul Ifta approves of?
Answer
Unfortunately, we are not aware of any investment schemes that are 100% Shariah compliant. An option worth looking into is the purchasing of Kruger coins or gold, as the value of gold has been continuously escalating over the past years. We obviously cannot predict the future performance of the metal, hence the decision to invest lies totally with you.
- Answered by
- Mufti Mohammed Desai
Where scholars differ, it’s safer to take the more cautious view.
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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/shariah-compliant-investments/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-15440
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