
Darul Iftaa Chicago - Fatwas
February 14, 2025 at 10:28 PM
*Purifying Money in Target Funds*
Q: "My husband has been working for 20 years. I was looking at our income to purify over the past year from sitting in the money market and realized we've had a decent amount of money in target funds and around 10% of those funds are bonds.
I've called the financial company to help me identify how much money interest were collected from bonds within the target funds but they were not able to tell me. Nor were they able to tell my husband had money in these funds from 20 years ago, if funds were changed, etc.
I intend to move them out of target funds, but what is the best way to purify this money?”
https://daruliftaa.us/fatwa/495/
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