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...
Question:- I'm reaching out today with regard to a financial programme that has been shared around by many people here in New Zealand. There have been a few workshops and it has been advertised in a way to buy your first house without paying Riba. The manner in which...
Question:- I found a way of making money online. It is called 'Genesis Mining.' The transactions are processed by computer servers. Based on the amount I invest, I receive a percentage of the money generated. Will the money that I make out of this be considered as...
Question:- Is the wrapping and delegating of Crypto Songbird Sgb to earn rewards permissible? Attached is a link explaining the concept: https://support.bifrostwallet.com/en/articles/5588951-wrap-and-delegate-songbird Answer:- Our Darul Ifta does not approve of...
