A note to the reader: In my last piece, I shared the importance of a 401(k) retirement account and explored the different ways you can set it up in a halal way. Below, we’re going to focus on some practical ways you can cleanse the gains in your retirement accounts from impermissible investments by way of purification.
This is a great article. Thank you for the template. Have been avoiding 401ks but will be advocating for an self directed brokerage account to my employer
Would your gains fluctuate? When I read the blog post, I only read it as actualized gains. As long as the money is still invested in the company, I’ve not made any gains. As for dividends, I think it makes sense to purify those every year. This is not financial advice, just my reading of the blog post.
Thank you for the article.
How do I figure out what is the %age of haram earnings, my 401k has, it was invested in Fidelity 500 fund.
Also the breakdown I have for 401k is the contributed amount, the change in value and the dividends so I will just need to purify the change in value and the dividends right?
How do I figure out what is the %age of haram earnings, my 401k has, it was invested in Fidelity 500 fund.
The non-compliant percentage can be found in Zoya under the ticker FXAIX.
Also the breakdown I have for 401k is the contributed amount, the change in value and the dividends so I will just need to purify the change in value and the dividends right?
I am trying to learn more about stocks so my husband’s investments earn a halal profit. His fidelity account by his company is invested in the Fidelity Target Fund 2055. I have tried to find the ticker symbol for it or even the holdings under it but was not successful. Also, I have only learned what a ticker symbol is this week so please don’t be surprised if my comment sounds a bit noobish. It would be really helpful if someone could help me figure out the non-compliant ratio of this fund. Jzk.