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Interest On Bonds Issued By Government & Corporations
Assalam alaikum,
Is interest received on Bonds issued by government & corporations prohibited and why ?
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5 Replies
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Interest On Bonds Issued By Government & Corporations
updated 1 month ago
2 Members
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5
Replies
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This is prohibited due to element of gambling involved in it.
Please refer to the follow link
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I am not sure how gambling is involved, bonds I am talking about have two elements of payment firt is principal amount at the maturity and an interest amount at the end of each period like 6 months or 3 months.
There is another type government bonds in which government issues a 100 rupees bond at discount price means a value of 100 rupees I can buy at 98 ,there is no interest and at the end of maturity period I get back the full 100.
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Please refer to the following video
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Thank you Sir,
Unfortunately not able to watch the video due it being blocked in India.
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Please refer to the following discussion:
Discussion 97000
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