Is it permissible to obtain a government financial bond (Western) for your children and deposit it in a bank until they reach 18 years of age, in exchange for profits?
Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 2026
If the aforementioned document is a gift from the state or an interest-free loan, then there is no impediment to benefiting from it. However, placing it in an interest-based bank to gain interest is not permissible because it constitutes explicit forbidden usury (riba).
Summarized from the full answer at Ftawy · imported
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- Ftawy
- Original fatwa ID
- 73114
- Imported
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