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Investment in Mutual Funds

Q:

My question is as follows:

There is a type of investment called mutual fund where the fund manager takes peoples money an invests it in the shares of a number of companies.

Now there are some companies whose shares the fund manager buys which are ecommerce companies which sell groceries including alcohol and pork(like an online supermarket).

Given these circumstances are we allowed to invest in such funds.

 

A:

SalamunAlaykum,

If you are sure that they are also dealing with shares of such companies, then the investment in such companies is not allowed.

Regards,

M Jaffer Farishta (Najaf)