Is Oasis Cresent General Equity FUND SHARIAH COMPLIANT ?

· 6 Dhuʻl-Qiʻdah 1427 AH1 min readFatwa 14738English

Question

Is Oasis Cresent General Equity FUND SHARIAH COMPLIANT ?

Answer

We have not approved Oasis Crescent General Equity Fund.

And Allah Knows Best

Mufti Ebrahim Desai

A SPECIAL MESSAGE FROM MUFTI EBRAHIM DESAI

When the world was in darkness of inhumanity, Allah Taala gave knowledge and guidance to Rasulullah (Sallalahu Alayhi Wasallam).

The guidance through that Divine knowledge had changed the mindset of people and transformed the evil practices of people to the highest morals.

Education and knowledge of Divine guidance is the backbone and foundation of reformation, prosperity and peace.

Islam provides guidance and solution for every aspect of life. Ignorance of such knowledge leads one to look down upon Islam and suffer an inferiority complex.

When one studies Islam, the Quran and Hadith, then only one will value the in-depth wisdom in such knowledge.

Muslims are generally ignorant about Islam and that is the fundamental cause of our decline and retrogression.

We have to educate ourselves on Islam and rise to the challenges of the times and once again prove ourselves as a dynamic Ummah. For that sacrifice, take out time to study Islam from reliable Ulama and scholars.

If you cannot make your son an Aalim of Deen then encourage others to become Huffaz and Ulama. You will get the reward of the person studying and guiding people through his knowledge.

If that too is difficult, at least help and assist a person who wishes to study Deen.

Rasulullah (Sallalahu Alayhi Wasallam) said, “When a person passes away all his deeds terminate except three, Sadaqah e Jaariyya (perpetual reward), pious child that makes Dua for the parents and knowledge through which others benefit”.

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Answered by
Mufti Ebrahim Desai
Questions about this ruling, answered only from the archive with sources.

Where scholars differ, it’s safer to take the more cautious view.

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