Fatwa: # 15957
Category: Financial Transactions
Country: South Africa
Date: 29th November 2007

Title

Please visit the website kmanoj.cash2all.com and tell me whether it is halal for us or not?

Question

Please visit the website kmanoj.cash2all.com and tell me whether it is halal for us or not?

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatoh

According to the sharia, every transaction that is based on one party's gain and another's loss, or if the transaction is obscure, is gambling (qimar).  Take the case of two persons competing in a race on condition that the loser pays the winner, or that a person says: If it rains today I will give you money, and if it does not rain, you will have to give me money.  Since one party gains and the other incurs a loss, it falls under gambling.  Another example is that of sealed boxes that are sold for a specific price while the contents are unknown i.e. the contents of each box may vary.  As a result, the purchase of these boxes which revolves around one's gain or loss being hidden is also considered as gambling.

Based on this definition, the investment scheme mentioned on www.kmanoj.cash2all.com is halal and permissible. 

(Ma'arif Al-Quran 533/1 Dar Al-Kitab)

(Adalati Faisle 243/2 Idara Islamiyat)

And Allah knows best

Wassalam

Ml. Ahmed Mohomed Pandor,
Student Darul Iftaa

Checked and Approved by:

Mufti Ebrahim Desai
Darul Iftaa

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