Is it permissible to invest in mutual funds or any market-linked insurance plans considering that we don't have knowledge of where the fund manager might be investing our money, which could include stocks, bonds, derivatives, and so on?
Is it permissible to invest in mutual funds or any market-linked insurance plans considering that we don't have knowledge of where the fund manager might be investing our money, which could include stocks, bonds, derivatives, and so on?
Sayyed Mohammad Al-Musawi, Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to... Answered 2 years ago
Yes it is allowed to invest in mutual funds as far you don't know that they use your money in unlawful business like alcohol, gambling, usury etc.
Wassalam.