An observation of the launch of al-Mabroor Investments

I was honoured to be invited by Hadhrat Mufti Ebrahim Desai sahib to the launch of the al-Mabroor investment scheme at the North Beach Jamaat Khana hall on Friday the 9th of September 2011.  Upon entering the venue, I was impressed with the professionalism displayed by the Darul Iftaa Mahmudiyyah.  A registration and a sign in process were put in place for the attendees.  The venue was ideal as was the seating arrangements for such a conventional theme.  Approximately 150 people comprising of professionals, academics, businessmen, lawyers and doctors were amongst the audience.    The desire to engage with the public was apparent.  Businessmen had come from all over Kwa Zulu Natal for the unveiling of this investment scheme.  In addition, I noticed the presence of senior ulama from the Natal province.  The blending of highly trained Islamic scholars and prominent businessmen displays the esteem the Darul Iftaa Mahmudiyyah holds in the eyes of the people.  We were all received and welcomed personally by the members of the Darul Iftaa.

 

It was surprising but comforting to see a non scholar as the MC.  It was very easy to relate him and understand what he was presenting.


There were three speeches.  Mufti Ebrahim Desai commenced the programme briefing the audience regarding the background of the al-Mabroor investment scheme.  He also highlighted the role of the Darul Iftaa.  It was very surprising to know that the Darul Iftaa has no financial gain in this product.  This reflects their sincerity and honesty.  In addition, it adds weight to the Shari’ah compliancy of the product.  Overall, the speech was very informative and eye opening.


As far as the investment scheme itself, Advocate Mufti Imran Vawda outlined the mechanism of it.  It was well presented.  A diagram projected onto the wall and corresponding handouts made it very easy to comprehend the nature of this product.

 

The idea of investing in buffaloes is innovative to say the least! I was completely shocked of the statistics and figures presented.  It seems to be a very lucrative market.  The net yield shown by previous statistics reflect a promising and positive business venture.  The property investment scheme is another avenue people seem really interested in.

 

The launch was concluded with a question and answer session.  The audience were free to address any one of the speakers.  Questions were raised from the audience and answers were provided.  It was clear that the audience were completely satisfied with the presentation and the answers.

 

The event was brought to an end with an emotional and heart-moving dua by Mufti Ebrahim Desai Sahib.

 

The launch was complemented with a delicious meal consisting of lamb karahi, soup, chicken and an appetizing sweet dish.

 

 


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