{"_id":"68deba831d8cf326ae283da3","title":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"What is the Islamic ruling on retirement investing when options involve interest or partial purification?\"}]}]}}","question":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"I am deciding between two retirement investment options, though I am unsure if either is permissible.\"}]},{\"type\":\"list\",\"attrs\":{\"kind\":\"ordered\",\"order\":null,\"checked\":false,\"collapsed\":false},\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{\"list\":\"ordered\"},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Contribute monthly to a self-directed brokerage account with my company’s matching contribution. However, if money remains in the account for more than one day, it accrues interest at 0.05%. Some Muslims donate this small amount of interest to charity, but is this permissible since interest is still interest?\"}]}]},{\"type\":\"list\",\"attrs\":{\"kind\":\"ordered\",\"order\":null,\"checked\":false,\"collapsed\":false},\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{\"list\":\"ordered\"},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Contribute monthly to the same account but invest immediately into a “halal” mutual fund, such as Amana (e.g. AMAGX). These funds minimize debt exposure by keeping it below one-third of assets, but some interest is still indirectly involved. They offer a purification calculator for donating a portion annually. How appropriate is this?\"}]}]},{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"Am I permitted to choose either of these options, and if not, what is the better alternative?\"}]}]}}","answer":"{\"format\":\"prosemirror\",\"schemaVersion\":1,\"doc\":{\"type\":\"doc\",\"content\":[{\"type\":\"paragraph\",\"attrs\":{\"quillBlock\":{},\"quillNewline\":{},\"quillTerminated\":true,\"direction\":null},\"content\":[{\"type\":\"text\",\"text\":\"These days, it is very difficult to invest in stocks in a truly halal way. Personally, I am not fully convinced by the fatwas regarding the 1/3 rule and “purification.” I am not condemning those views, but I remain unconvinced. For that reason, my advice would be to take the safer route and invest in something more secure, such as real estate.\"}]}]}}","tags":[{"_id":"68a50aaa2cc850e0af10384a","tag":"Finance: Interest","count":29},{"_id":"68a505f82cc850e0af1037be","tag":"Finance: Investments & Trading","count":21}],"createdOn":"2025-10-02T17:46:43.800Z"}