Question ID: 25729

Assalamalikhom respected Mufti Saheb
. I would please like to know the following:
1.what shariah compliant investments are available that you would recommend, such as unit trusts.

2. can one invest in gold coins etc

3. can one invest in companies on the stock exchange and more specifically companies whose prime business in NOT to deal in interest, but borrow money from conventional banks to fund their operations and thereby pay interest

4. what other shariah compiant investments are available that you can recommend

Jazakallah Khairun, may Allah reward you and your family abundantly.

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Asked on December 18, 2009 12:00 am
Private answer

1) Unit trust are generally permissible in so called Islaamic banks.
2) Yes (I do not know about etc)
3) The Root core business must be Shaari compliant.
4) I do not know, whatever is permissible to buy is permissible to sell.
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Answered on December 18, 2009 12:00 am