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Madinat al-Muslimeen Islamic Message Board
Investing/Saving Money |
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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 |
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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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