Investment ; permissible ? : investing in a fund that earns interest

السؤال

Bismillah Ar-Rahmaan Ar-Raheem Dear brother Monzer Kahf, Assalaamu Alaykum Wa Rahmatullah Wa Barakatuh I need an urgent clarification on the above subject. I and some brothers and sisters have set up an organization 10 years ago with a view of fighting poverty primarily among our Muslim brothers and sisters. We do help non-Muslims through our empowerment programs. Our funds come from : • Zakah • Commercial enterprises • Government subsidies • Banks • Well-wishers To obtain these funds, there is a hard work behind, as they come irregularly. We are sometimes in difficulties to meet our monthly administrative expenses. Alhamdulillah we have never got recourse to bank overdrafts. My question is this. Are we allowed to place our funds on fixed deposits in view of obtaining interests to run our projects and meet administrative expenses ? Does Islam take into consideration the fact that to-day's economic system is different from the one prevailing during the prophet's time. Is the question of devaluation of money and inflation elements that can justify the placement of money on fixed deposits ? Brother Kahf ! I know you are a busy person having to attend to you heavy agenda. But please for sake of Allah Subhaanahuu Wa Ta'ala advise me. Jazaak Allah Khair

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2009-04-20

التخصصات الرئيسية

العلوم المالية و المحاسبية
الأديان
الدراسات الإسلامية

الموضوعات

• المصارف
• الفقه الإسلامي
• النظم الاقتصادية
• الحكومة
• التضخم(مالية)
• الاستثمارات
• الأجور
• الزكاة
• صناديق الاستثمار
• الودائع المصرفية
• الربا
• الشركات التجارية

عدد الصفحات

2

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-734380

• APA
• MLA
• AMA