Pearl of Wisdom

when one of his companions (from the tribe of Kalb) told to him, 'Indeed you have been given knowledge of the Unseen, O Commander of the Faithful', Imam 'Ali: (AS) laughed, saying, ?O brother of Kalb, this is not knowledge of the Unseen, but instruction from the Possessor of Knowledge. Verily the knowledge of the Unseen is the knowledge of the Hour, and what Allah, Glory be to Him, has listed in his verse: Indeed the knowledge of the Hour is with Allah. He sends down the rain, and He knows what is in the wombs.?

Imam Ali ibn Abi Talib [as]
Nahj al-Balagha, Sermon 128

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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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