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Are Unit Trust Earnings Halal?

Answered as per Hanafi Fiqh by Muftionline.co.za

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)

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.