MON To FRI 11:00AM - 06:00PM
FAQs
Subject
-
Investment
-
Permissible Investment
Sovereign Gold Bond
Date: 17 SEP 2022
Answered By: Management
Question
Is Investment in Sovereign Gold Bonds Shariah Compliant
Answer
Sovereign Gold Bonds are not backed by physical gold and on redemption the cash is paid to the investor and not the physical gold. As these are debt instruments, the investors also get a fixed interest per annum on their investment in these bonds. Hence, investment in Sovereign Gold Bonds is Shariah non-compliant.
Allah Knows Best...