QUESTION: Is it permissible to invest in Islamic Sukuk? ANSWER: Sukuk are Islamic financial certificates that mirror bonds in western finance but adhere to Shari'ah principles. Unlike traditional interest-bearing bonds, Sukuk involves selling certificates to...
QUESTION: Will it be permissible to invest money in Al Baraka bank's investments, more specifically, in Al Baraka's Tax-Free investment? Profit is earned in the following way: The bank earns a profit from its financing activities which are carried out on the basis of...
QUESTION: A brother in Singapore wants to purchase gold as a stable investment. Due to the difficulty of storing such a valuable commodity, the seller offers the option to purchase the gold, while the seller still retains physical possession of the gold. The buyer...
QUESTION: Is the following investment Shariah compliant? https://www.sagoldbits.co.za ANSWER: In the queried scenario, the one ounce Kruger coin, which weighs approximately 33 grams of gold, is split into one hundred portions and sold at R394.35 per gram. The...
QUESTION:- My 3 year-old daughter has accumulated some savings. Is it permissible for me to invest her money in gold? ANSWER:- From the outset, it should be borne in mind that having children is a great bounty of Allah Ta’ala, and a trust from Him. Hence, one should...
Question:- Please let me know your view on the permissibility of investing in shares of companies on the JSE? I understand there is a difference of opinion, so I would like Mufti Saheb’s view. Are there any permissible investments in South Africa that Mufti Saheb is...
Question:- Could you be kind enough to enlighten us on some Halaal investment opportunities ? Answer:- Our Darul Ifta hasn’t approved of any investments, nor are we aware of any Halaal investment opportunities. However, gold has been a good investment in the past, but...
Question:- I have recently been informed that there is a Shariah-compliant, Takaful investment opportunity in the name of, "Al-Mabroor Cattle Farming". What is Mufti Saheb's advices on this, and is it permissible to invest one's money with institutions such as this...