Home » Hanafi Fiqh » Darulifta-Deoband.com » Is it permissible in Islam to invest in mutual funds?
Answer
(Fatwa: 615/611=N)
It is allowed to invest in such mutual funds which invest the money of shareholders in companies which deal only in halal items and which have already started their business i.e. they are established and their asset is not only liquid.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
This answer was collected from the official ifta website of Darul Uloom Deoband in India.
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