Q: Can I invest in premium bonds? The Al-Qalam Shariah Scholars Panel is respectfully requested to advise on the Islamic position regarding premium bonds. Are they a suitable way for Muslims to invest? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: Premium Bonds are not suitable for Muslims to use as an investment […]
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What part of a Guaranteed Investment Certificate is haram?
Q: What part of a Guaranteed Investment Certificate is haram? My questions are about purifying myself because of my investments. I have money in a GIC (Guaranteed Investment Certificate) which focuses on blue chip companies: There portfolio breakdown is as follows: 20% Energy, 10% Conglomerates, 10% Utilities, 10% Telecommunications Services, 10% Mines & Minerals, 10% […]
Read more...Can I set up a Personal Injury Trust for my son?
Q: My son, who is 28 years old, is going to receive compensation for injury he sustained when he was attacked during his study in the UK. I, his mother, came from my country to care for him because he was left with brain damage and left paralysis. His father stayed home to work and […]
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