Mufti Online — Madrasah Ta'leemuddeen

Old Mutual Albarakah equity fund

· 3 Jumada I 1438 AH1 min readEnglish

Question

Is it okay Islamically to invest in the Old Mutual Albarakah equity fund?

Answer

These financial institutes are covered in ambiguity and doubt. Hence, we don't at all encourage anybody to subscribe to them.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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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: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/18022
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-18022

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