Sunday, 06 November 2016 23:34

Can one invest money in bonds issued by different companies or industries such as energy, gas, auto, gold and silver companies?

Question:

As salaamu ’alaykum,

Can one invest money in bonds issued by different companies or industries such as energy, gas, auto, gold and silver companies?

Answer:

بسم الله الرحمن الرحيم

الجواب حامدا ومصليا ومسلما

Wa ‘alaykum as salaam wa rahmatullahi wa barakaatuh,

It is not permissible to invest money in bonds as they incur yearly interest known as the coupon rate.

والله اعلم

And Allah subhanahu wa ta'ala knows best.

Ilyas Husain

Approved by Mufti Husain Ahmad Madani

 

 

 

Read 501 times