Q&A: Interest in an Advanced Training Fund
Interest in an Advanced Training Fund
Question
- I’m asking specifically about an advanced training fund, but more generally about all sorts of returns that come from every which way.
All the insurance companies have a Jewish law-compliant track—what makes that different from ordinary investments in the capital market? Or perhaps indeed there is prohibited interest there too.
I saw that my insurance company even offers an S&P 500 track, and those companies really do invest your money, so to me that seems similar or identical to regular investment funds.
2. In a bank everything is very tangled, but even if it seems simply that the “interest” comes from investment like any other investment, is the story different in a bank?
3. If there really is no problem with the regular tracks, God forbid, then what do they do in the Jewish law tracks that earns them the certification seal?
Thank you very much!
Answer
I’m not familiar with the topic. But it seems to me that I already wrote here once that in my opinion there is no prohibition of interest in banks.