23 Muharram 1441

Sheikh, is ….. invest in USA halal? Can I invest money with them. Jazakallah

By Admin
In Riba
Mar 9th, 2019
0 Comments
448 Views

ANSWER:

I don’t know about their dealings and I can’t judge without knowing! 

If such a company has a well-known board of sharia scholars governing their investments, this is permissible.

If they give fixed profits, this is prohibited.

One must be careful when dealing with such companies so that they don’t turn out a Ponzi scheme.

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