Morita Forestry

QUESTION:

Is it permissible to invest in Morita Forestry?
The details are as follows:
Morita Forestry is an investment management company founded in 2019, focused on forestland investments and carbon sequestration projects.
*The company manages forests to generate returns through two main methods, viz. selling timber and related products, and increasing the value of land and trees over time through biological growth.
Forestry is considered an attractive asset class because it offers relatively stable returns, low volatility, and protection against inflation. As trees grow naturally, they increase in value, which contributes to long-term investment growth. In addition, forests play a key role in environmental sustainability by supporting carbon reduction, biodiversity, and renewable resource production*

ANSWER:

Our Darul Ifta does not approve of any form of investments for the simple reason that there is no guarantee that what is said on paper, is implemented in the modus operandi of the company.
Unfortunately, there are so many investments that were sanctioned by the Ulama but are now in great jeopardy. Hundreds of people’s money was usurped and to date, they have not been paid anything.
As such, unfortunately we cannot comment regarding the investment cited in the query.

ALLAH TA’ALA ALONE IN HIS INFINITE KNOWLEDGE KNOWS BEST!

ANSWERED BY:

Mufti Abdul Kader Fazlani

Date:

CHECKED AND APPROVED BY:

Mufti Yacoob Vally Saheb