Title:

Since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax.

Question: as-salaam alaekum brother since the income tax system in india has give relaxation for income invested in mutual fund or others, could you please help me with the investor where i can invest my money to save Income tax

Answer ID: 3164Posted on: Aug 31, 2020

Bismillah hir-Rahman nir-Rahim !

(Fatwa: 161/156=J)

In order to avoid the un-Islamic demand of income tax the Ulama have allowed to invest money in mutual fund which operate on halal business and shun interest-based transactions and dealings.