Tel: 031 577 7868 - disc@darulihsan.com                             

MTN Zakhele Shares are NOT Shariah Compliant

After due consideration of the MTN Zakhele share offering and consultation with Ulama our considered opinion is that the said share offering is not in conformity with Shariah principles, largely based on the fact that the offering is structured on the basis of interest based funding that is prohibited in the Shariah. Accordingly, it is not permissible to invest in this offering from a Shariah perspective.

And Allah Ta'ala Knows Best

Shafiq Jakhura (Mufti)
Fatwa Dept.

Login to post comments

Nisab

06/12/2022

  • Mahr Fatimi: R19486.71
  • Minimum Mahr: R389.73
  • Zakaah Nisaab: R7794.68
  • Fidya: R20.00

Contact Us

70 Joyce Road
Durban
Tel: 031 577 786 8
disc@darulihsan.com

Social Media

               

 

COVID-19
Visit sacoronavirus.co.za for official COVID-19 information.