Investing in unit trusts

Q: I would like to know whether it is permissible to invest in the stock market and also what is the ruling in investing in Shariah compliant Unit Trusts and the Absa Shariah ETF fund?

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A: We have not researched all these, and it is better to refrain until one is totally clear.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)