Transactions & Dealings >> Shares & Investments

Question # : 3614

India

I want to save my tax?what can be the the ways permitted by shariat?can i put my money into the mutual funds which are putting the money from investers to banking,finance(loans etc),media and entertainment,although the percentage of above these sectors where the money is invested is less than 10 %?kindly guide me.

Answer : 3614

Published on: Apr 21, 2008

بسم الله الرحمن الرحيم


(Fatwa: 352/304=LM)


 


(1) You should tell the ways, we shall tell you the Islamic ruling about it.


(2) It is prohibited to invest money in such mutual fund and it is haram to utilize the profit.  


(3) What are the ways to invest money in media and entertainment, please explain it and ask the question again.



Allah knows Best!


Darul Ifta,
Darul Uloom Deoband

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