Question Summary:
Is it permissable to purchase shares directly from the South African Reserve Bank (SARB)? Question Detail:
Is it permissable to purchase shares directly from the South African Reserve Bank (SARB)?
Answer :
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
[i]It is not permissible to purchase shares from SARB.
And Allah Ta’āla Knows Best
Khalil Johnson
Student Darul Iftaa
Canada
Checked and Approved by,
Mufti Ebrahim Desai
[i]The Central Bank generates income from the following sources:
- Interest earned on advances made to Government and on holdings of Treasury bills and Registered Stocks;
- Interest earned on foreign currency securities and deposits;
- Commissions received on foreign exchange transactions; and
- Royalties and commissions earned from numismatic coin sales.
"How does the Central Bank make money? - The Central Bank of The Bahamas", accessed 08 February 2014. http://www.centralbankbahamas.com/faqs.php?cat=18&id=10139.
|
Main Categories More Questions
|
