Mufti Online — Madrasah Ta'leemuddeen

Investing in the R5 Mandela coin

· 29 Jumada I 1434 AH1 min readEnglish

Question

Is it permissible to invest in the 5 Rand Mandela coins (proof and mint state)?

Answer

If there is nothing that is contrary to the Shari`ah then it is permissible.

Q: I would appreciate it if Mufti Saheb could further enlighten me on whether it would be permissible when conducting trade in the 5 Rand Mandela Coin to trade in leiu of Rands despite different amounts or would it be necessary to instead trade in leiu of other currencies?

A: If the Mandela coin is exclusively a collector's item, then it will be in the law of merchandise.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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 Mufti Online — Madrasah Ta'leemuddeen. 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: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/2352
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-2352

Related fatawa