Fatawa Answer

Question: Retirement money invested to the Vanguard Target Retirement 2050 Fund (VFIFX)

ID: 1797

Name: Dealings and Transactions

Question

Assalamualaium., 

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 

Answer

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.

Answered On: Thursday, Jul 27, 2023 | N/A

Answered By: Mufti Mohammed Ataur Rahman Sajid

Checked By: Mufti Mohammed Navalur Rahman