ANSWER:

This is not permissible.

QUESTION: Is it permissible to buy “Gold bonds” issued by the government. They are bought and sold at market price with no tax on the profit. Once we buy we can only sell them after 5 years. They Also pay 2.5% interest but we can throw it away. Buying real Gold coins are bought and sold at more and less price than market and the profit is taxable.

Halal/Haram Matters, Riba |