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Sayyed Mohammad Al-Musawi,
Sayyed Mohammad al-Musawi is originally from Iraq and heads up the World Ahlul Bayt Islamic League in London. Other than being involved in various humanitarian projects, he frequently responds to religious questions. In the past, he has also spent significant time in India guiding the community. 4523 Answers
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Yes it is allowed to invest in mutual funds as far you don't know that they use your money in unlawful business like alcohol, gambling, usury etc.
Wassalam.