Buying share, stocks and mutual funds : investment in a mutual fund for children college education

Fatawa Question

Assalamu Alaikum Brother, My name is Yusuf and I saw you when you visited us at the ISB Masjid in Cambridge, Massachusetts. I am sorry I can't remember your name. Brother I have a question regarding making investment for college for your kids. Here in Massachusetts we have UFUND (investing for college) which fidelity investment handles and it is a really a good way to invest for your kids for college tuition. I am really interesting to do this but I am not sure it is permissible in Islam. Can you please give me a quick Fatwa about this issue. Jazaak Allah khayran, Thank you.

Fatwa

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Publication Date

2002-05-24

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-726867

American Psychological Association (APA)

Qahf, Mundhir. 2002-05-24. Buying share, stocks and mutual funds : investment in a mutual fund for children college education. .
https://search.emarefa.net/detail/BIM-726867

Modern Language Association (MLA)

Qahf, Mundhir. Buying share, stocks and mutual funds : investment in a mutual fund for children college education. 2002-05-24.
https://search.emarefa.net/detail/BIM-726867

American Medical Association (AMA)

Qahf, Mundhir. 2002-05-24. Buying share, stocks and mutual funds : investment in a mutual fund for children college education.
https://search.emarefa.net/detail/BIM-726867