I have a question. My employer offers a 401K plan through Fidelity. The account allows a self-directed brokerage where I can contribute 93.66% of the account. I can select Amana funds.
A few questions
- Is there a required purification on this percentage allocation and how would it work? Would it only apply to the remaining 6.34% and how would it be calculated?
- As a more general question, what amount should/can one contribute for the account to be Shariah-compliant? Do most scholars say that you can only invest enough money to make the employer match and no more?
Jazak Allahu Khairan.