Opening interest-based account : are treasury bills interest-based ?
Fatawa Question
Here Government of Canada issues Treasury Bill. Sell (Auction) in open market in less than face value for 30 days 60 days etc. On the day of maturity it is given to 100 % (face value) to the purchaser. Suppose you buy for 30 days at $ 99.75 and at the end of 30 days you get $ 100.00. Is it allowed by Islam ? Is it come under the Riba ?
Fatwa
Click hereto view more
Publication Date
2003-02-24
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725825
American Psychological Association (APA)
Qahf, Mundhir. 2003-02-24. Opening interest-based account : are treasury bills interest-based ?. .
https://search.emarefa.net/detail/BIM-725825
Modern Language Association (MLA)
Qahf, Mundhir. Opening interest-based account : are treasury bills interest-based ?. 2003-02-24.
https://search.emarefa.net/detail/BIM-725825
American Medical Association (AMA)
Qahf, Mundhir. 2003-02-24. Opening interest-based account : are treasury bills interest-based ?.
https://search.emarefa.net/detail/BIM-725825
