Man, I can’t believe I never thought about this.. Is the money I get from my 401k halal? Like whenever I retire or whatever, is that halal?!

like
Posting as :
works at
You are currently posting as works at

New (very valid) fear unlocked!

like

Not a scholar by any means, but my thought has been that if you’re in index funds, you’re largely in the clear as the individual income from questionable companies is de minimis. Target date funds (e.g., a 2055 retirement fund) are usually OK earlier on, but as you get closer to the target date, the weighting skews towards bonds which many wouldn’t be comfortable with.

like

Couple things to consider. Was it invested in sharia compliant companies? Did you pay Zakat on it every year or track the zakat you need to pay at the end? Might need to discuss with a scholar

401k is generally haram

I advise you to check Sh Joe Bradford videos, he is a trustworthy Muslim (Revert) with years of experience in the financial industry with huge knowledge on sharia compliant - you can also book an appointment with him as he’s a financial advisor

Thank you everyone, these are great points. Will certainly help soothe me while I stay awake at night.

Related Posts

Deloitte fish: I’m an alum trying to do some retirement planning. I was an SM2 vested in the pension plan (I worked in DTTL for 7 years ending 2013) and want to find out what my actual benefits will be and at what age. I have no paperwork and 800-Deloitte does not seem to have a way to route me to the right people. Does anyone have a human contact or procedure that can help me get this info?

like

Hi, I wanted all your opinion I have got
offer from ADP & Thoughtworks almost
both are paying equal. Which company is
better from learning perspective, Job
security wise & benefits ? My skill set is
Automation Testing - Selenium Java.
Please let me know your inputs. Thanks in
Advance

When leaving a firm on your own terms, what needs to be done? For example, what to do with 401k? File transfers? etc.

Hi,

KPMG has mentioned in offer that they shall provide reimbursement for purchase of home computer for 1L once every 3 years

Is this right???

like

Hi,

Does Nagarro provides internet reimbursement?

like

Currently maxing out my 401k and HSA and investing about 1k/mo in ETFs. Also recently started buying I-bonds given inflation. What are other things I should be thinking about?

like

How does the pre-tax parking benefit work at kpmg? There isn't much detail on ssc or benefits connection but it seems like it is on the honor system vs a separate account like FSA?

What are the perks and benefits working in GE Healthcare? Bangalore office..how are they in terms of pay scale?

like

I'm new to all this. Is it best to save 10% of my salary all in my company's 401k (with 20% match, increasing by 5% every year)... or saving 5% in 401k and 5% in a Roth IRA?

like

Anybody know of where to find practice healthcare case studies for interview prep?

like

@deloitte or @pwc which is good for Salesforce?
Which has better perks/benefits?

like

Does HSBC has the relocation expense reimbursement? And do they also provide the 1 or 2 week stay when we are relocating. HSBC India HSBC

like

Do big4 directors retire with the same benefits as partner or some other?

funnylike

What are benefits we get when we join Nokia Noida office in sec 62. I have got an offer from Nokia.

People at my company claim to be supportive, promote great work culture but there’s actually no support at all just bunch of bs. I am in a situation where im not getting the support from my supervisors, BDs and everyone is fake all the time. I am genuinely putting in the work and not getting the benefits I deserve. What are some good companies to work for in Marketing/advertising in Toronto? Or how would u go about addressing stuff like this ?

like

Happy Friday! Looking for an associate healthcare project management position in the south Florida area. If you’re hiring please contact me!

likesmart

Fishes, Help me to choose a workplace for me. Nagarro - 8lpa (7.25 fixed )
Quantiphi - 10.5lpa ( 9.5 fixed )
Awaiting offer from Deloitte. ( How much can I ask ? )
Yoe : 3
Skills : Automation Testing.
Please comment on Job Security, Growth,wlb, benefits and other things .
Tata Consultancy
Deloitte
Nagarro
Quantiphi

like

EY, what is the current maternity leave policy? Does the firm allow leave starting at 38 weeks? Is disability (6-8 weeks) separate from parental leave (16 weeks)? When is full eligibility - after 12 months of employment?

like

For any Alvarez and Marsal fish, how has your work life balance been? Very interested in hearing from those in their healthcare industry group, but anyone is welcome to respond.

like

Got interviewed for EY FAAS UK Assistant manager role. What should be the expected GBP salary range and what other benefits do they usually offer/ negotiate EY for relocation from India? YOE 5 yrs

like

More Posts

What exit ops are there outside of testing controls all day? Getting tired of this. Resume is ready

likefunny

Compliance question here, I have always thought of the SALT deduction on the fed return as a perm item & have treated as such in such sch M-3. I see that some people put it as a temp on sch M-3. What is the justification for treating it as a temp on the M-3. You don’t set up a deferred on the def RF for the state tax deduct & it is also a rate impacting item (I know that some temps can be rate impacting). But this all leaves me to side with perm. Does anyone know the logic behind temp treatment?

like

What’s the going rate for an implementation manager with 4 years of service. Primarily in the PBM world

like

So, a recruiter gave me feedback that my lack SPHR or SHRM-SCP is causing my resume to be knock out by AI and human recruiters despite my position and work history in Multinationals and being in Technology. They suggested that we put SPHR ( Lapsed). I let it lapse in 2017. What is your opinion? Plus if I were to take another certification - should I take SPHR or SHRM-SCP?

like

Isnit true that McKinsey Canada raised base by 10% for BA1 and BA2?

like

Any Amex employee here with an Amex card? Could you guide me on the process and eligibility of cards and what benefit do we get as employees?

like

Tips on giving notice over the phone? I’m required to be in the office 5 days a week but the two partners I work for never come on Fridays or Monday mornings

like

Got offer of 28 LPA from Tiger Analytics for the role of Senior Consultant - Analytics. Is it a good deal ?

YOE - 8

CCTC - 20 LPA

like

What is a fair salary increase from AE to account supervisor in NYC (creative agency)? Any tips on negotiating salary with internal promotion/getting what you deserve?

like

What's Capco's London office like? Capco

like

Wow so dead! I guess we really are the minority 😕

likefunny

If anyone (non EY) wants some referral money, I am looking for a job. Have 1yo in EYs Technology Risk Advisory practice and Gold Standard reviews. Also speak 3 languages but I don't think it matters.

like

Hi folks,
Joining EY GDS in a weeks time. Do we require any account in a specific bank for salary payments

like

How long is it taking for new joiners to receive their laptops if they asked it to be shipped?

like

Managers at Accenture Strategy (South), what was your pay increase going from consultant to manager? Any promotion bonuses?

like

Anyone know of a good building for a 1bed/1bath. Need to have parking & a/c. Nice to haves is in-unit laundry, any include utilities, any amenities. Trying to keep it on the cheaper end with a max rent of 1,500, but given our line of work I can bump that up if the place is nice enough to justify the cost. Thanks in advance!

like

Hi,
I am currently working in digital marketing profile with a Germany based magazine company. I have a work ex of 2 years. I am looking forward to move abroad. I am trying to apply for jobs in canada, sweden, Ireland, Germany, not UK since that needs sponsorship.
Can anyone help me on this, what is the right way. I know i have less experience but i want to move out in a young age. I have tried Google jobs and glasdoor so far. I am currently 25 & i think this is a right age for a woman to move

like

Websites for good non-stock-looking photography? Looking to revamp my website and social media pages

like

Any rec for Valentine's day in DC?

like

What are some examples of fun and engaging workshop techniques you’ve done virtually? Looking to try something different in our next upcoming client session.

like

Additional Posts in Muslim Consultants

Anyone willing to give a referral for IBM and Deloitte canada, I am a new grad and looking to start my career in consulting

like

Something to brighten your day 🤗
I was listening to a Mufti Menk lecture yesterday on this topic. Surah Nashra is also about burdens we bear. Within this Surah,Allah SWT speaks about how He is the one that granted the cure, purity, and strength after the backs were about to break. Allah SWT takes us to this point to refine us. We never know our capabilities until we are tested and challenged. This is when we realize we can do it and we can get through it 🫶🏻! IA you got this 🫶🏻!

Post Photo
likeuplifting

I started investing in Vanguard Mutual Funds and and did some research online today and it seems like we can’t do that and it might not be halal. Does anyone have any insights here?

like

Jummah Mubarak Fam 💚

like

Accenture, you good mate? Too much turkey?

likefunnyuplifting

Anyone in the DC area know if the Friday prayer in Rosslyn (at Arlington Temple) ever came back after the pandemic?

like

Are there any nyc muslim matrimonial services?

like

Fam - Looking for a place/room to rent in NY metropolitan area, please let me know if anyone has a place.

Anyone has used hydration pills to get through fasting? Is it helpful?

like

Is knowing how to communicate a compatibility issue or can it be learned?

like

Do you believe that there’s people who can “see” what’s in your life and near future when they pray for you and tell you?

like

Does anyone here work in the Middle East? I am seeking opportunities in the healthcare consulting space and would appreciate any leads.

like

Hijabi challenges/experiences in workplace?

like

Where are you from?

like

Why do some muslim men think that career women in their 30s become desperate and will significantly lower their standards? Someone with 3 kids that’s been divorced twice and isn’t even practicing just told my friend he’ll do her the favor of giving her children. The arrogance is mind boggling

likefunny

Dang, sorry I meant to comment on the post!

like

After I eat sehri, I just want to lay down while my stomach looks like a mountain. Then I become so lazy to get up for fajr. Shaitan is locked up, it feels like I’m the shaitan, don’t wanna get up ...

funnylike

Just wondering, any Ismailis out here?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal