ANSWER:

This is totally prohibited.

QUESTION: Is it permissible in Islam to invest in Gold ETFs, which are index funds backed by a trust holding physical gold? These funds sell shares representing portions of gold and track its market movement. Are such investments aligned with Islamic principles, considering they do not involve direct physical ownership of the gold?

Halal/Haram Matters | February 14, 2025 8:12 pm
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QUESTION: This ayah,” we created everything in pairs” can this ayah describe for husband and wife? And can we use this ayah on wedding cards?
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QUESTION: I am jobless and staying with my father. He is forcing me to write down the names and phone numbers of people to whom he lends money. This involves riba (interest), which he justifies as a business practice. My mom has asked him to stop, but he is not doing so. He will not be convinced that it is a major sin. What should I do?