Q: Please advise on the permissibility of investing in the following Shares:
1. BHP Billiton Plc: An international resources company
2. Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company.
3. Anglo American PLC is a global mining company.
4. Sasol is an integrated oil and gas company.
5. Aspen Pharmacare Holdings Limited
6. AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally
7. Impala Platinum Holdings Limited, or Implats, is the holding company for a group of companies which operate platinum mines
8.Growthpoint Properties Limited is a real estate company in South Africa. The Company owns a portfolio of commercial, retail and industrial (mostly warehouses) properties in South Africa and Australia
9. Mondi Plc is is an integrated paper and packaging group.
10. South32 a globally diversified metals and mining company
A: We are not acquainted with the details of these companies. Hence, we cannot comment.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)