Old Mutual Albarakah equity fund

Q: Is it okay Islamically to invest in the Old Mutual Albarakah equity fund?

A: These financial institutes are covered in ambiguity and doubt. Hence, we don't at all encourage anybody to subscribe to them.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)