Question for our Mufti Faraz Adam
I was auto-enrolled into my workplace pension scheme. I contacted HR to opt me out again as this isn’t shariah compliant. I explained my views and my company was happy to carry out some research to find a shariah-compliant pension scheme to suit my needs.
I was sent two options from Scottish widows; Are any of the below shariah compliant?
Scottish Widows Ethical Pension (Series 2)
Not too sure if this is screened by a Muslim but it only invests in ethical stocks. I assume this isn’t permissible as it may not be screened through the Islamic lens?
Scottish Widows Specialist Global Equity Pension (Series 2)
“The Fund will invest wholly into the HSBC Islamic Global Equity Index Fund.”
This is what Scottish Widows state as their shariah-compliant fund. Are you in agreement?