Resolution No.(33): "Ruling on Investing Orphans` Funds into Development Bonds“

Date: 7/11/1413 AH corresponding to 29/4/1993 AD.

The Board has received the following question:

What is the Sharia ruling on investing orphans` funds in development bonds and treasury bills?

Answer: All success is due to Allah.

The Board is of the view that it is forbidden because it is a usury-based loan. And Allah Knows Best.

Chairman of the Iftaa` Board, Chief Justice Dr.Nooh Al-Qodaat

Deputized Grand Mufti of Jordan, Sheikh Saeid Hijjawi

Mufti of Jordanian Armed Forces, Mahmood Shwayat

              Dr. Abdassalam Al-Abbadi

Dr. Ahmad Hilayil

                   Dr. Abdolmajeed Assalaheen

Dr. Ratib Azzahir

           Dr. Mahmood Assartawi

           Dr. Ibrahim Khash-shan

             Dr. Abdulaziz Al-Khayaat