As-salaam alaekum brother since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax
بسم الله الرحمن الرحيم
(Fatwa: 161/156=J)
In order to avoid the un-Islamic demand of income tax the Ulama have allowed to invest money in mutual fund which operate on halal business and shun interest–based transactions and dealings.
Allah knows Best!
Darul Ifta,
Darul Uloom Deoband