Since I started employment I have been contributing 200 shillings per month to the National Social and Security Fund. You must have been as well if you are gainfully employed since its statutory but have you ever wondered where your money goes as you wait to retire. The money which amounts to billions is invested in various companies so as to earn returns and increase the fund. Investing the funds is fine but it has now come to the light that some of the investments in which the funds are put in are non- halal. Through an investigation carried out by Radio Salaam, it has been found that NSSF has invested 10 billions in The East African Breweries Limited, the largest liquor maker in the country. Islam does not allow investment in any haram business. The returns from theses investments will be paid to the contributors upon the attainment of retirement age. The amounts are small but we may be aiding in the flourishing of haram businesses. The NSSF also owns 48% of National Bank which is an interest based institution.
I hope the relevant Muslim leaders will pick up the issue and resolve with the authorities concerned.
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