Question:
May Allah grant long live to MSN & MSH.
I am 30 yrs old & work in a private company in India. I have done a pension plan by my own choice (not compulsory by my company) and it is non-Islamic so as to save from tax deductions and savings for my old age. Is it halal?? If not then can I continue the policy with the intention of tax saving and separating the interest money (doing sadaqa) and halal money (for my use).
Answer:
If a Sharia-compliant pension plan is not available in India and you indicated that your current plan is not in line with Sharia standards (money may be invested in haram things), then the only option left for you is to do as you proposed in your question.
Imam Senad Agic
American Islamic Center – Chicago
www.aicchicago.com
www.imamsenadagic.com
