AskImamDarul Iftaa Mahmudiyyah (AskImam)

Are unit trusts permissible? Can the profits be used?

Fatwa 6639English
Finance and Commerce

Question

I invested in 3 different unit trusts 5 years ago. I want to sell these and would like to know if the appreciated amounts are halaal.

Answer

Conventional unit trusts are not Shari'ah Compliant Investment Schemes.

You may retain only your capital investment and give away the profits as charity to the poor and needy.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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