- EN (English)
Fatwa ID: | 83534 |
Title: | I would like to know if it is ok, to invest in 401k in my job |
Category: | Financial Transactions |
Scholar: | Dr. Main Khalid Al-Qudah |
Date: | 01/13/2011 |
Question
Assalamu Aliukum. I would like to know if it is ok, to invest in 401k in my job. Jazak Allah Khair
Answer
Alhamdu Lillah
Investing in 401(K) plan usually gives you the option on how you want to invest. Obviously, you need to avoid the following prohibited categories of investment: Stable value fund (saving account or CD), balanced fund (50% stocks & 50% bonds). While you can go with the aggressive stock funds, international stock funds, and the like.