{"id":17778,"date":"2020-11-03T21:33:59","date_gmt":"2020-11-03T21:33:59","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=17778"},"modified":"2020-11-03T21:33:59","modified_gmt":"2020-11-03T21:33:59","slug":"what-is-the-fatwa-on-the-401k-insurance","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/what-is-the-fatwa-on-the-401k-insurance\/","title":{"rendered":"What Is the Fatwa on the 401k Insurance"},"content":{"rendered":"

\n\tFatwa ID: 04405<\/strong><\/span><\/span>\n<\/p>\n

\n\tAnswered by: <\/span><\/span>Maulana Mohammad Ahsan Osmani<\/span><\/span><\/strong>\n<\/p>\n

\n\t \n<\/p>\n

\n

\n\t\tQuestion<\/u><\/strong><\/span><\/span>\n\t<\/p>\n

\n\t\t \n\t<\/p>\n

\n\t\tAssalamu Alaikum, Sheikh. Can we have 401,000 from the company that one is working with?<\/a><\/span><\/span>\n\t<\/p>\n

\n\t\tHow should one approach this masala from an Islamic point of view?<\/span><\/span>\n\t<\/p>\n

\n\t\t \n\t<\/p>\n

\n\t\t \n\t<\/p>\n

\n\t\t\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/span><\/span><\/span>\n\t<\/p>\n

\n\t\tIn the name of Allah, the Most Gracious, the Most Merciful<\/u><\/strong><\/span><\/span>\n\t<\/p>\n

\n\t\t \n\t<\/p>\n

\n\t\tAnswer:<\/u><\/strong><\/span><\/span>\n\t<\/p>\n

\n\t\t \n\t<\/p>\n<\/div>\n

\n\tThe ruling of 401K will be based on the type of Fund\/Company one is investing the money in. Hence, if the money is invested in a Sharia Compliant Fund\/Company, then it would be permissible. On the other hand, if the Fund\/Company is non-Sharia Compliant, then it would be impermissible.<\/span><\/span>\n<\/p>\n

\n\t \n<\/p>\n

\n\t \n<\/p>\n

\n\tOnly Allah knows best<\/span><\/span>\n<\/p>\n

\n

\n\t\tWritten by Maulana Mohammad Ahsan Osmani<\/span><\/span>\n\t<\/p>\n

\n\t\tChecked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n\t<\/p>\n

\n\t\tDarul Ifta Birmingham<\/span><\/span>\n\t<\/p>\n<\/div>\n

\n\t \n<\/p>\n

\n\t <\/p>\n","protected":false},"excerpt":{"rendered":"

Fatwa ID: 04405 Answered by: Maulana Mohammad Ahsan Osmani   Question   Assalamu Alaikum, Sheikh. Can we have 401,000 from the company that one is working…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17778"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=17778"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17778\/revisions"}],"predecessor-version":[{"id":17842,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/17778\/revisions\/17842"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=17778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=17778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=17778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}