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Pearl of Wisdom

my tradition is my father's tradition, and my father's tradition is my grandfather's tradition, and my grandfather's tradition is Husayn's tradition, and Husayn's tradition is Hasan's tradition, and Hasan's tradition is Imam 'Ali's tradition, and Imam 'Ali's tradition is the Messenger of Allah's tradition, and the Messenger of Allah's tradition is the saying of Allah.'

Imam Ja'far ibn Muhammad al-Sadiq [as]

Ibid. p. 53, no. 14

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Question : #532

Category: Business / Investment

Subject:	investment in bonds
Question:	Is it haram to invest in bonds?
Answer:	Depending on the interest source. So yes, if an agreement is made between the lender and the government that a fixed amount of interest will yield on the principal of the bonds. However, if no such condition is stated and with the understanding that you would not require the borrower to pay you interest, then in that case you can invest in such ventures and use the full amount of interest, if it is a bank of the unbelievers (kafir). If it is a Muslim bank, then you have to distribute half of the interest money to the poor and the other half belongs to you. SOURCE: Ayat. Khui, Masailah wa Rudud, p. 113

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