Is the Legal and General Ethical Pension Fund Permissible?

Question: Is the Legal & General Ethical Pension Fund Permissible?

https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=custom_field.www_landg_co_uk.factsheet_SHIFA&user=flweb&id=62fc2302-3833-4cfb-bafb-e8eff5176882&track1=68896048-52f1-40eb-a86c-3e1d119e18a3&track2=LegalAndGeneralAdviser

Answer:

الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب

The LEGAL & GENERAL PENSION ETHICAL FUND in question invests nearly 30% in the interest based financial sector and thus it cannot be considered to comply with Islamic law.

And Allah knows best,

Mufti Mohammed Zubair Butt

Chair, Al-Qalam Sharia Scholars Panel