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Old mutual and oasis unit trust

Q: Is old mutual and oasis unit trust accounts halaal? I am a student looking to invest my money. I previously sent a question but I did not receive a relevant answer.

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A: We do not know the workings of these trusts, hence we are not in a position to issue a shar’ee ruling. 

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

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)


Original Source Link

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.