Saturday | 02 March 2024 | 21 Shabaan 1445

Fatwa Answer

Question ID: 1797 Category: Dealings and Transactions
Retirement money invested to the Vanguard Target Retirement 2050 Fund (VFIFX)


My name is Obyedul working as a scientist at the Boise state university, USA. 

I have an obligatory retirement plan and that retirement money is being invested in Vanguard Target Retirement 2050 Fund (VFIFX) by the university. 

I don't know what types of business VFIFX deals with. so this point, is it permissible to allow this investment in this plan? 

zazak allah khairan 

بسم اللہ الرحمن الرحیم

We do not have the details of this plan. Provide us the details explaining the nature and method of this investment. Upon reviewing those details, we will be able to comment on that In-Shaa Allah.