Question ID: 17800
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Can we transfer funds from a Sharia compliant cheque account to a Sharia compliant investment account. The 2 we are aware off is FNB pocket and Al Barakah participating account. There may be more. These institutes say “sharia compliant”. Obviously the cheque account has no profit sharing but the investment account has, that’s why people do this or advise all to do.

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Asked on October 14, 2015 2:34 pm
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I am not fully conversant with these so called ‘Islamic Investments’. I generally man to comfortable with these ‘Shaari Compliant’ terminologies.
Kindly refer elsewhere.

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Answered on October 21, 2015 3:56 pm