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Fixed Income Mutual Funds And Other Investments
I am starting a new question about Riba and Principle Secured Investments as I tried asking the question but the moderators may have missed it. I refer to the following lecture. comments of Ghamidi Sahab from 1:18:35 to 1:21:26
https://www.youtube.com/live/LUbg3QpPfRM?si=d0-0r_fh9sBiUXCu&t=4715
In light of this lecture, can I understand whether Ghamdi Saheb has approved that Muslims can work in modern banks especially in the west and engage in activities related to financing through Short Term, Long Term, Revolving Loans, Debt Securities and other forms of corporate credit. These financings can be structured in many different ways which banks in western world still call Lending. However in essence these are structured as principle secured a concept Ghamdi Saheb has stated. In this background investing in “Fixed Income” should be allowed too, right? I say this as this is a very big issue for Muslims and many of us may not realize it. For example our pensions in the west are invested in funds. Big part of these funds is invested in Fixed Income instruments where the underlying is mainly corporate bonds and other forms of fixed income Securities such as private credit, mortgage Securities. Appreciate your guidance as there is a very thin line here between calling them interest on loans and a fair fixed compensation agreed on principle secured investments.
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Fixed Income Mutual Funds And Other Investments
updated 1 month, 2 weeks ago
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Principal secured Investment is allowed.
Fixed investment is allowed.
Fixed profit is allowed.
Only personal loan involves Riba.
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