[Mutual funds]

Fatawa Question

Salam Alikum, From the little research that I have done, I understand that we can invest in mutual funds as long as the fund does not invest in companies that deal with Haram commodities. However, as a financial advisor at a financial brokerage company, when we select funds, the fund companies usually give us the top holdings only. If the top holdings do not sell Haram commodities, is it okay to invest in that fund ? 2) Can we sell / buy life / critical illness / disability / travel insurance ? Thank-you

Fatwa

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Publication Date

2011-08-29

Main Subjects

Financial and Accounting Sciences
Islamic Studies

Topics

• Islamic jurisprudence
• Mutual funds

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-732908

• APA
• MLA
• AMA