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Forums Forums Islamic Sharia Is Investing In 401k Halal?

  • Is Investing In 401k Halal?

    Posted by Faizan on April 18, 2021 at 9:49 pm

    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

    Faizan replied 2 years, 11 months ago 2 Members · 2 Replies
  • 2 Replies
  • Is Investing In 401k Halal?

    Faizan updated 2 years, 11 months ago 2 Members · 2 Replies
  • Faisal Haroon

    Moderator April 20, 2021 at 6:29 pm

    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.

  • Faizan

    Member April 20, 2021 at 8:06 pm

    Thank you @faisalharoon

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