Are Al-Mabroor and Hasnaaat investment schemes Shariah compliant?
Question
Asalaamualaykum
Is the hasanaat management investments and Mabroor investments halal and / shariah compliant?
Answer
Wa Alaykumus Salaam Wa Rahmatullahi Wa Barakaatuh
In the Name of Allah, the Most Gracious, the Most Merciful.
The Darul Iftaa has approved and certified the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. You may view our Certificate of Shari’ah Compliancy on their website.
The Darul Iftaa has also approved the Hasanaat Cattle Investment Scheme.
It should however be noted that the Darul Iftaa does not bear any responsibility beyond Shariah compliancy. One may invest after one has thoroughly studied both schemes and is fully satisfied.
And Allah Ta’ala Knows best
Ebrahim Ibn Ahmed Dadan
Student Darul Iftaa
Pietermaritzburg South Africa
Checked and Approved by,
Mufti Ebrahim Desai.
- Answered by
- Ebrahim Ibn Ahmed Dadan
- 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.