Dr. Monzer Kahf, a prominent economist and counselor states: “Bonds are interest-based only and investment in bonds is not permissible, there are quite few stocks and mutual funds whose prices are normally stable one can invest in them. Making the contract on a bond is not permissible in Shari’ah and getting the interest return is also not permissible and if interest happens to be gotten one must give it away to Muslim charities in order to keep one’s money clean and pure.”