Channel: Faith IQ
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Is it permissible to have a pension fund through work?
The general principle that people are advised with when making investments are the following. Number one is that the product or commodity that the company is selling is actually Hello. Number two is that the liquidity of the assets should be more than 50%. And then number three, the debt to asset ratio should be less than 33%. So, when investing in stocks, those are the principles that one must abide by in order to make sure that the investment is Hello. So when you have some sort of jurisdiction over where your company is investing, those are the guidelines you want to take. Now what did you do in the situation if you do not have control in that sort of situation, if there's a
price matching scheme, meaning that if you put in $20, the company puts in $20, you're allowed to take the capital that the company will put in, but you can't take any of the additional money that grows through the investment. So any of the additional money that comes to investment you won't be allowed to take but you are allowed to take the capital that the company is matching through your investment, and all other situations I would advise, speak to a local Imam or shift to get more clarification. And Allah Subhana Allah knows best. Subscribe to this channel, share this video and click on the bell icon so that you can be notified with every new video at faith IQ