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Investing In Fixed Annuity And Bonds
Asalam o Alakum,
Is investing in Fixed annuity and bonds allowed in our religion?
In fixed annuity you give certain of money to someone for certain time and then start receiving an agreed upon return every month.
In case of bond investment you are giving the issuer a loan and they agree to pay you back the face value of the loan on a specific date and pay periodic interest payments.
Please provide guidance in these kind of investments
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1 Reply
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Investing In Fixed Annuity And Bonds
updated 2 years, 4 months ago
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For government bonds or savings schemes please see:
Annuities are investments with insurance companies and there is nothing inherently wrong with investing in such products.
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