IslamQA

Unit trust shares

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: My father passed away one year back. He had made an investment in unit trust of India. Now he has nominated me for that investment. What shall I do?

Bismillaah

A: If the units trust shares are of a halaal nature then shares will form part of the estate.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.

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