Using interest rate as a discount factor in calculations

السؤال

I am an actuary by profession and engaged in calculating pension and carrying out valuation regarding pension funds. These actuarial valuations are used primarily to arrive at a sustainable contribution rate for the Pension fund. These pension funds are invested in whatever investments available in the market. The main assumption involved in these calculations is the discount factor or the interest assumption close to the rate of return on the investments. My question is although I do not engage into interest based transactions for myself but my work at times involves such calculations which are based on the interest assumptions and discount factors also at times I have to ascertain the market value of assets of the pension fund which again involves calculations based on interest. Sometimes I doubt that whatever I do is wrong according to Islam since I am an indirect witness of interest if that is the case then all pension earnings and all allowances from social security would also be Un-Islamic. Kindly comment and advise.

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2001-03-02

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• أسعار الفائدة
• الحسم

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-725612

• APA
• MLA
• AMA