Mufti Online — Madrasah Ta'leemuddeen

Pension fund

· 18 Jumada I 1438 AH1 min readEnglish

Question

Our company has a pension fund that has various portfolios options of which one is a shariah compliant option. The problem is that the fund is loosing so much on my money monthly. Do you continue loosing money or place it in a safe interest bearing portfolio?

Answer

Obviously interest is haraam and it is a curse. It cannot be a blessing for anybody.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Ebrahim Salejee (Isipingo Beach)
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Questions about this ruling, answered only from the archive with sources.

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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/18576
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-18576

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