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Is Investing In 401k Halal?
Salam,
Companies match contributions to 401k, but employees have no role in choosing the fund; it’s decided by the company itself. Is it halal to invest in 401k when you’re not aware where your contributions are being invested in?
Thank you
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2 Replies
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Is Investing In 401k Halal?
updated 3 years, 7 months ago
2 Members
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2
Replies
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Yes in Ghamidi sahab’s opinion it’s halal to invest in 401k. If a company offers you a retirement fund in lieu of pension and doesn’t allow you to pick where your money gets invested then you’re not accountable for their investment decisions.
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Thank you @faisalharoon
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