QUESTION: An opportunity to invest has arisen. Kindly find the details of the proposed investment below: • I am required to invest an amount of R1 000 000.00 into a private company for the purpose of business expansion. • The investment term is 5 years. • The capital...
QUESTION: My parents had invested some of our money when we were younger into Vodacom and Telkom shares. I was told that when the dividends are received annually, I should remove 50% due to interest, and use the remaining 50%. I now intend on selling the shares to use...
QUESTION: My mother had invested money with Amaanah a while back. She has been trying to sell the shares but it's proving to be a challenge at the moment. Is it permissible to use any income derived from it? ANSWER: If the money was put into such an investment which...
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...