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Can i invest in Diamonds?

Answered as per Hanafi Fiqh by Askimam.org

I want to know whether i can invest in diamonds.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.

It is permissible to invest in diamonds.[1] However, the investment procedure must also be according to Shariah.

And Allah Ta’āla Knows Best

Saleem Khan

Student Darul Iftaa
Bradford, UK

Checked and Approved by,
Mufti Ebrahim Desai.

www.daruliftaa.net


[1] [رد المحتار ج ٥ ص٥٤ ايج ايم سعيد]

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

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