Unit Trust

Q: Is monies earned from unit trust halaal?


A: We do not know all the workings of a unit trust, where they invest and how they invest. These details are not before us. If they are investing in right avenues and their operations do not contradict the Shari`ah then it is permissible.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)