Bonds

Are Prize Bonds Haram?

Sukuk investment certificates are comparable to bonds, but they aren’t dependent on debt, hence they’re halal. Interest payments on debt due are seen as usury, exploitative of the debtor, and are thus prohibited under Islamic teachings (haram). As a result, conventional bonds and other debt products that earn interest revenue are prohibited under Islamic rules. […]

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Are Puerto Rico Bonds Safe?

MIAMI, Florida — On Tuesday, a federal judge approved Puerto Rico’s exit from bankruptcy under the largest public-sector debt restructuring plan in US history, nearly five years after the financially beleaguered territory claimed it couldn’t pay its creditors. Hurricanes Irma and Maria, a series of earthquakes, and the coronavirus epidemic have only exacerbated Puerto Rico’s

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