Amna uddin asked 6 months ago
Assalamualikum. I just like to know is islamic fianance like UIF is it Halal as our sahria law?
Mufti Wahaaj Staff answered 6 months ago
بسم الله الرحمٰن الرحيم
الجواب حامداً ومصلياً
As-salāmu ʿalaykum wa-raḥmatullāhi wa-barakātuh.
While a one-size-fits-all answer cannot be given regarding the permissibility of Islamic Finance companies, there are some that have been vetted and approved as Sharīʿah compliant by reputable muftīs. UIF has been approved by such scholars including one whom I personally know and respect.[1]
If there is another specific company that you would like to enquire about, please submit a separate question.
والله تعالى أعلم وعلمه أتم وبه التوفيق
And Allāh Taʿālā Knows Best
Muftī Mohammed Wahaajuddin bin Salauddin
(May Allāh forgive him and his parents)
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[1] Fatawa | Islamic Financing Solutions | UIF Corporation (myuif.com)