Fatwa: # 47286
Category: Business Matters
Country:
Date: 22nd February 2021

Title

Investing in prisons as real estate

Question

Salaam Muftisaheb

 

Jzk for all of your services. Regarding investments and permisibility are real estate stocks (reits) in private prisons acceptable? These reits purchase and build the infrastructure for private prisons in the USA. Jzk. 

Answer

 

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

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

Respected Brother in Islam,

The nature of the proposed investment in real estate stocks is unclear. Please clarify the following:

1)     The investment policy with the company.

2)     Whether the investment will be in the shares of the company or directly into the real estate.

3)     The detailed contracts, should there be any between the investor and the company.

Forward your clarification to admin@darulifta.net, reference Ebrahim Dadan.

And Allah Ta’ala Knows best 

Ebrahim Ibn Ahmed Dadan

 

Student Darul Iftaa
Pietermaritzburg, South Africa

 

Checked and Approved by, 
Mufti Ebrahim Desai.

 

 

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