Question:- Is it acceptable for me to invest in a service station which includes a Pick n Pay franchise? Also, the franchise is required to pay royalties on a monthly basis. Answer:- It will be permissible for you to invest in the filling station which includes a Pick...
Question:- Is investing in the "Cash Forex Trading" group (CFX) permissible? Answer:- We tried to access information on CFX through the internet, but were unable to get a proper explanation as to how CFX actually operates. We understand that it is a trading platform...
Question:- Person A has invested R50 000.00 in a business venture with person B, whose profession is making glasses. He invested on the basis that person B claimed to have plenty of business and government contracts. The agreement was, that person A would receive a...
Question:- Is "Anglo Wealth Investment" Shariah compliant? Answer:- Due to a number of clauses (in the contract) not being in accordance to Shariah, our Fatwa department does not approve of the said investment. ALLAH TA'ALA KNOWS BEST! ANSWERED BY: Mufti...
Question:- Are we permitted to purchase shares on the JSE? Answer:- There is a difference of opinion amongst the scholars with regards to buying and selling shares on the stock exchange. Some of the Muftis are of the opinion that trading on the stock exchange is valid...
Question:- Are there any Shariah compliant investments that your Darul Ifta approves of? Answer:- Unfortunately, we are not aware of any investment schemes that are 100% Shariah compliant. An option worth looking into is the purchasing of Kruger coins or gold, as the...
Question:- How does the Shariah look at a Ponzi scheme? Is it considered as a legitimate investment? Answer:- A Ponzi scheme is always illegal. This is a scheme that is operated by fraudsters who con people into investing their hard-earned money in a business venture...
Question:- What is the ruling in regards to Plus 500 trading? Answer:- Plus 500 is an online trading platform by which one trades in forex, bitcoin, shares, etc. Our Darul Ifta has not approved of any of the above, hence we advise abstention. ALLAH...