Assaamualaikmum. It seems that this whole Russia Ukraine war is some type of mechanism used to kill the economists of the world.
With a falling economy and a recession in sight what does Mufti Saheb suggest people invest in to be able to withstand such a recession?
27 Zul Qa’dh 1443 – 28 June 2022
The only safe investment nowadays is gold coins.
Keep the focus on Allah Ta’ala. Make dua for aafiyat.
Mujlisul Ulama of S.A.
this is from the majlis vol 21 number 10 January 2013
Brother in the prevailing circumstances the best investment is gold coins. People who had purchased krugerrands five years ago have earned more than 100% profit when they sold their coins. Coins purchased a couple of years ago for R6000 are worth more than R15,000 today. Gold coins are a clean and fully Shar’i compliant investment.
But on-line gold dealing is not permissible. No other investment pays such huge dividends as gold coins.
from majlis vol 24 number 5 august 2017
Do not be deceived by the creature called ‘islamic banking’. There is no halaal Islamic banking anywhere in the world. All so-called ‘islamic’ banks are Riba banks halaalized by liberal molvis and sheikhs – scholars for dollars. They dub their riba and baatil transactions with fancy Islamic terminology to dupe the ignorant public. They are in the same category as these evil carrion halaalizing outfits.
Those who have surplus cash, should invest in gold coins to offset the effects of erosion by inflation.