IS SAGICOR INVESTMENT GO FUND, HALAL INVESTMENT
QUESTION:
As Salaamu Alaikum,
Is sagicor investment go fund, halal Investment?
ANSWER:
Wa Alaikum As Salaam,
‘Sagicor’ would normally invest funds in many different products as investments for their customers. These products are sometimes halal, and at times, haram. Since funds from investors are pooled together and invested as a large sum to get a good return, it is difficult for one to identify where exactly his/her funds (money) went to (or in which product it was invested). Therefore, seeing that their investments go into both halal and haram products/securities etc, it cannot be stated that their investment ‘Go Funds’ are halal.
And Allah knows best
Mufti Waseem Khan
05/05/2022