Shariah compliant investments

Jan 3, 2022 | Investments

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 value of gold has been continuously escalating over the past years. We obviously cannot predict the future performance of the metal, hence the decision to invest lies totally with you.

ALLAH TA’ALA KNOWS BEST!

ANSWERED BY:

Mufti Mohammed Desai

Date: 29 Jumad-al-Ula 1443 / 03 January 2022

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