Deposit in a Non-Kosher Savings Plan
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Question
Question regarding the deposit of "Savings for Every Child." I heard that if you do not deposit according to the Halachic route but follow the regular route, by age 21, the child receives almost twice as much. The question is whether it is possible to transfer the deposits to the regular route. Also, a question regarding the pension route: is it possible to switch there to the non-Halachic route as well? Thank you
Answer
Shalom Rav
Investing in a non-kosher fund is prohibited even in the case of a significant loss of profit.
Because in doing so, you become a participant in the desecration of Shabbat, prohibitions on fixed interest, and other transgressions.
Source
Answer of our teacher, the Gaon, Rabbi Ovadia Fried, shlita