Bain & Company Salam. Has anyone's firm figured out halal 401k options for their employees? I am working with our firm and running into pushback such as, fiduciary duty requirements, independence etc. Any insight would be greatly appreciated!
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Dang, sorry I meant to comment on the post!
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Why not provide a self-directed 401k and let people invest in whatever they want?
We proposed that however they said meeting 'independence' requirements is a challenge
We have self directed brokerages at Accenture. It costs a thousand dollars to set up but we have worked to get that waived for Muslim employees.
I mean these things are all tightly integrated / interwoven.
Cleanest path forward is to start your own halal company. You can position your mission and vision, values proposition, hiring, delivery, etc. around halal. It could be huge.
Good long term ambition but need to find a fix for this as well