Mufti Online — Madrasah Ta'leemuddeen

Is monies earned from unit trust halaal?

Published as Unit Trust

· 15 Dhuʻl-Qiʻdah 1434 AH1 min readEnglish

Question

Is monies earned from unit trust halaal?

Answer

We do not know all the workings of a unit trust, where they invest and how they invest. These details are not before us. If they are investing in right avenues and their operations do not contradict the Shari`ah then it is permissible.

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/3691
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-3691

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