Fatwa: # 36417
Category: Financial Transactions
Country: Oman
Date: 20th July 2016


Investing in Heera Group


Question:  Can I invest money in Heera group. Is it permissible to invest in Heera Group. CEO of Heera group is a lady from India. I got some information regarding the Heera group, that it is done as per the Islamic shariah. Please let me know. The business is done in many countries



In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuhu

We have browsed through the website of Heera Group and hereby advise that we cannot issue a ruling until we receive more specific information regarding their product offering.


Kindly submit the following information accordingly:


1. Terms and conditions

2. Underlying investment assets

3. Profit calculation

4. External/Internal Auditing Protocol


And Allah Ta’āla Knows Best

Mufti Ismail Desai,

Darul Iftaa


Checked and Approved,

Mufti Ebrahim Desai,

Darul Iftaa



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