Guaranteed Future Value Scheme

Q: I have seen an advert which offers paying a fixed amount per month for a vehicle valid on the Guaranteed Future Value Scheme. Is this permissable? If so, is it advisable?

A: We do not know how this scheme works.

And Allah Ta'ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)