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Investing in unit trusts

Answered according to Hanafi Fiqh by Muftionline.co.za

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)

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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