Global Ethical Funds
Question
I have question regarding Global Ethical Funds see website.
Just wondering if it is Halal to Invest in this fund.
Answer
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
We are not aware of the above-mentioned fund. In order for us to issue a ruling regarding the Shariah compliancy of any fund claimed to be Shariah compliant, the following three points must be considered:
1) The concept of the fund
2) The contracts
3) The procedure to monitor the application of the contracts.
Each one of the three points are equally important. If there is a defect in any one point, that will compromise the Shariah compliancy of the product.
And Allah Ta’āla Knows Best
Riḍwān
Student Darul Iftaa
UK
Checked and Approved by,
Mufti Ebrahim Desai
- Answered by
- Riḍwān
- Checked & approved by
- Mufti Ebrahim Desai
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