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The question

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?

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Source: FtawySummarized from the full answer at Ftawy · imported Sep 2, 20261 min readAlso available in العربية
The answer

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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Where this answer came from
Source platform
Ftawy
Original fatwa ID
73114
Imported
Translation status
Source text, unreviewed
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