Investing in Heera Gold company

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is investing in Heera Gold company halaal or haraam. The company says that it is halaal because it trades in gold, textiles and other products and does not deal in riba. If we invest about one laakh rupees we would get approx 3000 rupees per month and we can take our amount of one lakh when we want. It says that there is 60 -40 partnership and we are also entitled to loss. There is lots of people who invest in this company thinking it’s halaal so could you please research on this company and give fatwa on weather it’s halaal or haraam?

Bismillaah

A: We do not have the details of their workings. So we are not in a position to comment.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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