AskImamDarul Iftaa Mahmudiyyah (AskImam)

Is The Oasis Cresent Equity Fund Shariah Compliant ?

Fatwa 11745English
Finance and Commerce

Question

Respected Mufti Saheb This question was posed to you and published on this website in October 2002. At that stage no definative answer was given to whether the Oasis Cresent Equity fund was Shariah compliant as claimed. I would like to know of any new development with regard to this matter and whether the fund is Shariah compliant. I thank you in advance

Answer

Our view regarding Oasis is the same. There were no further developments.

Oasis did not meet with us to dispel our misgivings regarding the fund.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
View original Ask AskImam directly

Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.