Mixcellanious fatwas on investment markets : can we take the 401K plan although we have no choice of selecting its stocks component ?
Fatawa Question
In the company I work for, I have the opportunity to have a retirement plan (401 k) and for each dollar I put in this plan, the company matches with 50cents. The problem is most of the funds have a fixed interest. If I reject the offer, I will loose the company match. My question is : can I use these types of funds and get rid of the interest which means just take the money I put and the company put. Notes : Other funds exist but most of them are also Haram companies like wine companies, banks. The only Halal fund that exists is my company's stock which is going down dramatically. This means I may lose my job and the retirement money as well.
Fatwa
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Publication Date
2002-12-17
Main Subjects
Financial and Accounting Sciences
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-726907
American Psychological Association (APA)
Qahf, Mundhir. 2002-12-17. Mixcellanious fatwas on investment markets : can we take the 401K plan although we have no choice of selecting its stocks component ?. .
https://search.emarefa.net/detail/BIM-726907
Modern Language Association (MLA)
Qahf, Mundhir. Mixcellanious fatwas on investment markets : can we take the 401K plan although we have no choice of selecting its stocks component ?. 2002-12-17.
https://search.emarefa.net/detail/BIM-726907
American Medical Association (AMA)
Qahf, Mundhir. 2002-12-17. Mixcellanious fatwas on investment markets : can we take the 401K plan although we have no choice of selecting its stocks component ?.
https://search.emarefa.net/detail/BIM-726907
