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FAQs
Subject
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Investment
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Permissible Investment
Investment in Debentures (CDs/NCDs)
Date: 3 SEP 2022
Answered By: Management
Question
Is it permissible to invest in debentures issued at Zero percent coupon rate (Interest rate)
Answer
Yes. It is permissible to invest in, hold and derive benefits from realization of debentures (CDs/NCDs), provided they are issued at Zero percent coupon rate (Interest rate) and issued, traded and redeemed at par value.
Allah knows Best....