Question ID 732 - Business Investment - 2013-09-07 06:30:01 |
Salam, I do taqlid of Sayyid Sistani and I need advise regarding the following: I have joined a company who have a Pension Plan, however after delving further into the way this Pension Plan is operated I have found that the money contributed to the plan is invested in the FTSE 100 (100 top companies in the UK), of which two are alcohol and one tobacco company. During this pension plan each month the money can be invested in any company from the FTSE 100 (minus comapanies that deal with arms). My question is would it be permissible for me to join such a pension plan? Thankyou for your help in advance. |
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Answer:- If you know that any amount of your money might be invested in any company dealing with forbidden business like alcohol, Un Islamic banking, etc, it becomes forbidden for you to invest any amount in such plan.
Wassalam
Mohammad al-Musawi
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