Please specify if the following retirement policy is islamically pessimible or not.
Question
Please specify if the following retirement policy is islamically pessimible or not.
http://www.oldmutual.co.za/corporate/employee-benefits/retirement-solutions/islamic-product-solutions/symmetry-islamic-fund.aspx#
It is called "SYmmETRY Islamic Fund". It is apperntly a pension/provident fund. If this is not permissible can you please provide me of detaisl of a halaal fund where i can invest for retirement that is a pension / provident.
Answer
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
We do not approve investing in the Old Mutual Symmetry Fund.
And Allah knows best
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa
- Checked & approved by
- Mufti Ebrahim Desai
Fatawa SA is an independent, read-only index of fatawa already published by Darul Iftaa Mahmudiyyah (AskImam). It is not a fatwa service. For your own situation, ask the issuing Darul Ifta directly.