Category: Business Matters
Fatwa#: 37281
Asked Country: South Africa

Answered Date: Nov 24,2016

Title: List of investment entities approved by Darul Iftaa

Question

Asalamualaykum.

I would like to know if it is possible if you could provide me with a list with all investments which darul ifta has approved of.

Jazakallah your reply would be much appreciated.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

The Darul Iftaa has approved the Al-Mabroor Buffalo Project and Al-Mabroor Property Investment Scheme. The certificate of Shariah compliancy was awarded to them by the Darul Iftaa. You may view this on their website: http://almabroorprojects.com/shariah-compliance/

It should however be noted that the Darul Iftaa does not bear any responsibility beyond that. One may invest after one has fully checked the scheme themselves and are satisfied.  

And Allah Ta’āla Knows Best

Safwaan Ibn Ml Ahmed Ibn Ibrahim

Student Darul Iftaa
Limbe, Malawi

Checked and Approved by,
Mufti Ebrahim Desai.

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