Could you kindly elaborate on the reasons for FEDGROUP being non Shariah compliant

Question

Asalamualaikum wr wb

Respected Mufti

Could you kindly elaborate on the reasons for FEDGROUP being non Shariah compliant according to Mufti's research (Fatwa46432) ?

Our query is purely based on learning from Mufti and no disrespect is intended

Also, does Mufti have a list of Shariah compliant investment institutions etc. that Mufti has approved and we can invest in?

Darul Iftaa Mahmudiyyah (AskImam) · Accepted Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

1] The Darul Iftaa was approached by the Fed Group Impact Farming to design a Shariah Compliant product for Muslim investors.

After revising the concept and contracts, a pilot project was approved. This pilot project is in process and not for general public investment.

2] The Darul Iftaa has approved the following:

1) Al- Mabroor’s Buffalo investment scheme

2) Al- Mabroor’s Cattle investment scheme

3) Al- Mabroor’s Property investment scheme

And Allah Ta’āla Knows Best

Checked and Approved by,
Mufti Ebrahim Desai.

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