Pearl of Wisdom

to 'Abdallah b. 'Abbas, who said, 'I have not benefited from any saying after the sayings of the Prophet (SAWA), apart from this one [where the Imam said], 'Verily man feels happy when he manages to grasp something that he was about to miss, and he is saddened when he misses something that he would never had received. So let your happiness lie in all that you can seize of the Hereafter, and let your regret lie in all that which passes you by of it.?

Imam Ali ibn Abi Talib [as]
Nahj al-Baldgha, Letter 22

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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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