Please specify if the following retirement policy is islamically pessimible or not.
It is called “SYmmETRY Islamic Fund”. It is apperntly a pension/provident fund. If this is not permissible can you please provide me of detaisl of a halaal fund where i can invest for retirement that is a pension / provident.
In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
We do not approve investing in the Old Mutual Symmetry Fund.
And Allah knows best
Wassalam
Muhammed Zakariyya Desai,
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In’aamiyyah