Question
Are there any halaal investments? Where can I invest my excess cash? Are the Islamic schemes offered by banks Shariah compliant?
Answer
We are not aware of any halaal investments. All investments advertised are corrupt in terms of the Shariah. While one does not have an avenue of investment, it is best to purchase gold coins to avoid one's money being corroded by inflation.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 25 No 12
- PDF page
- 12
Appears under UK Senior Muftis Promoting Female Participation (approximate).