Question Summary:
Please specify if the following retirement policy is islamically pessimible or not.

Question Detail:

Please specify if the following retirement policy is islamically pessimible or not.

http://www.oldmutual.co.za/corporate/employee-benefits/retirement-solutions/islamic-product-solutions/symmetry-islamic-fund.aspx#
It is called "SYmmETRY Islamic Fund".  It is apperntly a pension/provident fund.  If this is not permissible can you please provide me of detaisl of a halaal fund where i can invest for retirement that is a pension / provident.

Answer :

In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatoh
We do not approve investing in the Old Mutual Symmetry Fund.
And Allah knows best
Wassalam
Muhammed Zakariyya Desai,
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In'aamiyyah