She has 17 tola gold and she want to invest it in national bank of Dubai for the purpose of annual profit she would be receiving on her gold. Is this halal?
Bismillahi Ta’ala
Walaikum Assalam Warahmatullah
Investment is a halal avenue for financial gain in Islam. However, without complete information about the scheme or the financial product in which the investment of the gold is being made, we cannot form a decision.
Please use our Islamic Economics and Finance WhatsApp Group (http://tiny.cc/ihfinance) and furnish the details for us to review to see if such an investment will be Halal Suitable.
Wallahu A’lam
And Allah Ta’āla Knows Best
Mufti Faisal al-Mahmudi