Old Mutual Albarakah equity fund

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Is it okay Islamically to invest in the Old Mutual Albarakah equity fund?


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A: These financial institutes are covered in ambiguity and doubt. Hence, we don’t at all encourage anybody to subscribe to them.

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


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)