Answer:
(Fatwa: 506=494/N)
The share business is allowed with a condition that the company should not be involved in unlawful business and the entire asset is not in cash but it has some properties like land, building etc and started the work and this is known by sure. The same ruling is about mutual fund if the money of the share holders is invested in companies which meet the above conditions. But, if it is known already that the money is invested in banks and in unlawful business then joining such mutual fund and investing in it will not be allowed.
(2) If the profit is given from interest money then participating in this plan is unlawful.
(3) If the pension is given by interest money then also it is unlawful.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
