Pension fund

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: Our company has a pension fund that has various portfolios options of which one is a shariah compliant option. The problem is that the fund is loosing so much on my money monthly. Do you continue loosing money or place it in a safe interest bearing portfolio?

Bismillaah

A: Obviously interest is haraam and it is a curse. It cannot be a blessing for anybody.

And Allah Ta’ala (الله تعالى) knows best.

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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