Darul Ifta Ibn Masood

Investing on the JSE

· 24 Rajab 1444 AH1 min readEnglish

Question

Please let me know your view on the permissibility of investing in shares of companies on the JSE? I understand there is a difference of opinion, so I would like Mufti Saheb’s view.

Are there any permissible investments in South Africa that Mufti Saheb is aware of?

Answer

1. There is difference of opinion amongst the Ulama regarding investing on the JSE. Some of the current day Muftis have permitted investing on the JSE, whilst others do not approve of it. Our Darul Ifta does not approve of investing on the JSE. This has also been the view of Hadrat Mufti Mahmood Saheb Gangohi Rahimahullah. For further details you may refer to Kitaabun Nawaazil, page. 209 Vol.11.

2. Our Darul Ifta hasn’t approved of any investments. However, you may consider gold as an investment. If your heart is inclined towards investing in gold, then you should seek guidance from Allah Ta’ala through Istikhaarah, and then invest.

Answered by
Mufti Mohammed Desai
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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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Source: Darul Ifta Ibn Masood — https://fataawa.co.za/investing-on-the-jse/
Fatawa SA: https://fatawa.co.za/fatwa/ibnmasood-22487

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