About islamic fianance

QuestionsCategory: FinanceAbout islamic fianance
Amna uddin asked 2 months ago

Assalamualikum. I just like to know is islamic fianance like UIF is it Halal as our sahria law?

1 Answers
Mufti Wahaaj Staff answered 2 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)

[1] Fatawa | Islamic Financing Solutions | UIF Corporation (myuif.com)