Message No : 13Sr.No : 386/724
Question By : Ahmed

Assalamu alaikum,

The following companies claim to offer Shariah compliant investment opportunities to muslims in India.

www.idafa.com
www.islamicequity.co.in

I hope the brothers who run these organizations would have taken all the precautions to make it truly shariah compliant. I just wanted to double check with the esteemed Mufti if you got the opportunity to study their products and if there are any reservations about investing with them. Also, can you please let us know if investing in mutual funds through them is allowed as I read this opinion of a Mufti sb.

 

Reply By : Md. Asad
Designation : Mufti, ODI, MMERC, Mumbai 

I did never study tehir products. Please consult them and know the fact then submit your query with details. Please do ask them about bank involvements. We will 'Insa ALLAH' help you.

Allah nows the best

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