Is it permissible to invest in a Share save scheme of a bank ?
Fatawa Question
Can you tell if the following two forms of investments are permissible from a sharia perspective. Intention is to use the schemes as tax efficient vehicles only with a view of separating any impermissible profit and donating it to charity at the end of the scheme. 1. Share save-Share save scheme of a bank (employment function is IT) 2. AVC’s (additional voluntary contribution)-Investment vehicles being a choice of UK equity, overseas equity, index linked gilts, fixed interest gilts, corporate bond, cash fund (operated by the employer of the bank)
Fatwa
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Publisher
al-Qalam Shariah Scholar Panel
Publication Date
2014-09-08
Country of Publication
United Kingdom
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726796
American Psychological Association (APA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-09-08. Is it permissible to invest in a Share save scheme of a bank ?. . Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726796
Modern Language Association (MLA)
al-Qalam Shariah Scholar Panel (Manchester, England). Is it permissible to invest in a Share save scheme of a bank ?. Manchester England : al-Qalam Shariah Scholar Panel. 2014-09-08.
https://search.emarefa.net/detail/BIM-726796
American Medical Association (AMA)
al-Qalam Shariah Scholar Panel (Manchester, England). 2014-09-08. Is it permissible to invest in a Share save scheme of a bank ?. Manchester England : al-Qalam Shariah Scholar Panel.
https://search.emarefa.net/detail/BIM-726796
