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Question # : 1517

India

Is it permissible in Islam to invest in mutual funds?

Answer : 1517

Published on: Sep 18, 2007

بسم الله الرحمن الرحيم


(Fatwa: 615/611=N)


 


It is allowed to invest in such mutual funds which invest the money of shareholders in companies which deal only in halal items and which have already started their business i.e. they are established and their asset is not only liquid.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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