Assalam u Aleikum,
I got a flyer at home about this company: https://fundrise.com/
Would this be considered a halal investment?
Jazak Allahumma Khairan.
Assalam u Aleikum,
I got a flyer at home about this company: https://fundrise.com/
Would this be considered a halal investment?
Jazak Allahumma Khairan.
Welcome, @Umms! I havenโt used Fundrise before but I found this in their FAQs:
Do you have an investment plan that is compatible with religious restrictions surrounding interest income?
At this time, we do not have an investment plan that is fully compliant with interest-free religious restrictions. Though our Long-term Growth plan is most likely to be weighted toward equity investments, we cannot make guarantees as to the plan allocations or the leverage, tenancy, and other aspects of the individual investments acquired by our funds.
Jazak Allah Khair! I will take it off my list.