Question

I am a Muslim and a Mutual fund distributor i India. I want to marketing or sell SIP which are Tata ethical und, Taurus ethicalfund and Nippon India mutual fund.Can I do this?

Answer 1

Ref. No. 2565/45-3950

In the name of Allah the most Gracious the most Merciful

The answer to your question is follows:

Mutual fund and share market are the same in view of Shariah. So investing in a mutual fund is allowed under the same conditions as share market, both can be bought and sold.

Darul Ifta

Darul Uloom Waqf Deoband