Investments With Al Barakah Banks 'Halaal' Profits?

Question

Is it permissible to invest money with Al Barakah bank.There are various types of investment accounts which give returns or "profits" that they say is halaal.They also have a Haj account. Can we utilize these types of investment schemes or is it also interest involved?

Mufti Elias · Answer

Ask their Mufti on board directly as to where, how and why they invest. Then inform us. We will then m make a decision.
If there be an ‘Hajj Account’ which you deposit into then what about interest involved in it? Enquire about that.