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please tell me If its ok to buy government bonds interest or matures over long period of time, also please tell me the meaning of name Shahzad

Fatwa 5371English
Finance and Commerce

Question

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please tell me If its ok to buy government bonds interest or matures over long period of time, also please tell me the meaning of name Shahzad

Answer

1. The purchase of such government bonds is not permitted as they involve Ribaa (interest) which is vehemently prohibited by Islam.
2. The meaning of Shahzaad is 'prince'.

and Allah Ta'ala Knows Best

Mufti Muhammad Kadwa
FATWA DEPT.

CHECKED AND APPROVED CORRECT: Mufti Ebrahim Desai

Answered by
Mufti Muhammad Kadwa
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