Re: Where to invest savings???
Now a days Investing in bonds is best.
how???
Re: Where to invest savings???
Invest in good deeds. Go help someone and change their lives - In the name of Allah. Then HE will give you 10 times in return - If you have faith.
Re: Where to invest savings???
Invest in good deeds. Go help someone and change their lives - In the name of Allah. Then HE will give you 10 times in return - If you have faith.
Thanks for ur intrest, well Alhamdulillah i have strong Faith in Allah and kno very well that he is tha one who blessed us with everything, even his non-belivers too.
i kno for wht reasons i m saving :) not gonna start another thread for the reasons of investing
Re: Where to invest savings???
btw have heard from some ppl that Islam doesnt allow investing in bonds and shares n stuff.
is that true?
if yes whats the reason?
the only answer me got is 'its like a bet, you dont know if you're gonna win or lose money. betting is haraam therefor this is too'.
any views?
Re: Where to invest savings???
btw have heard from some ppl that Islam doesnt allow investing in bonds and shares n stuff. is that true? if yes whats the reason? the only answer me got is 'its like a bet, you dont know if you're gonna win or lose money. betting is haraam therefor this is too'. any views?
No its not betting, investing in bonds are haram if they are un-islamic and pay interest.
On the other hand shares are not haram IMO, for detail elaboration .. you can start a thread in Religion forum.
Re: Where to invest savings???
ok shukreeyah! :)
Re: Where to invest savings???
invest with me my firm is Sumorani Securities (SS) and we guarantee a 20% return to our clients. 
Re: Where to invest savings???
oye hoye hehehe :D
kya baat hai jee!lolz...
wese SumoRani me like ur name :)
Peace!
btw have heard from some ppl that Islam doesnt allow investing in bonds and shares n stuff. is that true? if yes whats the reason? the only answer me got is 'its like a bet, you dont know if you're gonna win or lose money. betting is haraam therefor this is too'. any views?
no fantasi, i have read sumwhere on another islamic forum that investing in bonds is not haram in islam, couldnt find the source yet, will try to find it out and send it.
The Islamic Fiqh Council has researched the matter of dealing in bonds and issued the following statement:
1.
Bonds which represent a commitment to pay the face value plus interest, or conditional benefits, are haraam according to sharee’ah, whether one is buying, selling or handling them, because they are considered to be interest-based loans. This applies whether they are issued by private companies or by public bodies run by the state. The fact that they are forbidden is not affected by giving them other names such as “certificates”, “investment documents” or “savings”, or calling the interest “profit”, “commission” or “returns”.
2.
Also forbidden are bonds that offer prizes, because these are loans made on the condition that the benefits or increase will go to the group loaning the money, or to one of them, who is not specified at the time of investment, in addition to the fact that this is based on the idea of gambling.
3.
Another kind of forbidden bonds, which it is haraam to buy, sell or handle, is bonds or documents based on bidding for a specific project or activity from which the owners will not benefit in any definite way, but will only receive a share of the profits according to the number of bonds or documents that they own, and they will only receive this profit if the project is actually carried out.
And Allaah knows best.
Source: islam-qa.com