salaam
myself and my husband are looking for halal investment options for our son's child trust fund voucher, and so far the only one we can find is the childrens mutual shariah baby bond:
[url]http://www.thechildrensmutual.co.uk/Default.aspx?page=476[/url]
this all looks fine, but is anyone aware of any other option? we would obviously prefer to know all of our options before committing... :?
any advice much appreciated!
whats one of them?
The Lover is ever drunk with love;
He is free, he is mad,
He dances with ecstasy and delight.
Caught by our own thoughts,
We worry about every little thing,
But once we get drunk on that love,
Whatever will be, will be.
ɐɥɐɥ
erm i've looked into this before it doesn't seem worthwhile you could lose money aswell. You could put in more money and get less back. I can't be making those sort of gambles when money is scarce :?
http://www.islamic-bank.com/islamicbanklive/YoungPersonsSavings/1/Home/1...
~Judgements prevent us from seeing the good that lies beyond appearances.~
"God put me on this earth to accomplish a certain number of things. Right now I am so far behind that I will never die" ~ Bill Watterson
Hi Mira!
I'm a trust fund kid! It really depends on what kind of trust fund you are looking for; some are more general funds that simply acrue interest and value associated with the holdings connected to the fund. Others are designed for specific purposes like College tuition and that can mean certain tax complexities. So you probably want to talk to your husband first about what purpose you want this trust fund to serve.
Your situation is going to be tricky because the whole point of a trust fund is to provide a steady low risk investment plan for the next 20-25 years. And invariably that means low risk bonds with Interest. I suppose if you talk to the Chase Manhattan group they might be able to direct you to no interest Mutual Funds or Investment opportunities; do you have a broker or firm at present?