Islamic Financial Investments
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
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.