Salam, I have mental illness for 2 decades.
I have small saving. Due to higher rate of inflation my money is devalueing . I donot have a mental capacity to find risk free halal investment. Also can not afford to hire finance adviser.
I dont have astable source of income. Can I invest my money in a risk free investment where they will pay me interst.
I want to get interst to combat with inflation and get some risk free profit.
Please guide me.
Wa alaykum salaam,
It is not permissible to invest in an interest-bearing investment.
There are many Halal and Shariah compliant alternative investments you can invest in to hedge against inflation.
Allah knows best