Temporary investment in interest bearing cash fund

Investment Questions and Chats General Investment
#1

My pension provider (L&G) only provides one shariah-compliant option i.e. HSBC Islamic Global Equity index fund.

Keeping current market volatility, I have moved some of the allocation to a cash fund to preserve the capital that will attract nominal interest.

Is my practice acceptable with a view that I will be giving away any interest earned in charity?

Best Regards
Zeeshan

#2

Wasalam

May Allah bless you.
No you shouldn’t move your fund to interest bearing instruments, even if you have no intention of taking the interest earned.

And Allah knows best!

#3

jazakallah for your reply and providing guidance.

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