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Investing/Saving Money

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Investing/Saving Money
Kathy
04/09/03 at 08:40:08
[slm]
Subhana Allah, I received a nice check that was explicitly to be used for my son's college education...

I have no clue about how to invest it to make more. I understand there are different schools of thought on this. I don't want to keep it under my mattress, because it would be too tempting to use!

What have you, your parents done to save up for college and can you make a recomendation to me...especially if you know of an Islamic bank.

I won't touch the money for 9 years.
04/09/03 at 08:42:37
Kathy
Re: Investing/Saving Money
BrKhalid
04/11/03 at 06:10:28
Asalaamu Alaikum ;-)

How about giving it to an Islamic cause as an interest free loan with a repayment date set for when you need the money back?

Granted you won't see any return in this life but major returns in the Hereafter inshaAllah ;-)


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