I am interested in opening an investment account with Lloyds TSB. They offer guaranteed return of at least 15% gross (2.83% AER) over 5 years. The returns are linked to the performance of shares in the FTSE 100 Index. The minimum investment is for 5 years. My query is that they can guarantee a no risk investment. Would this amount to interest or usary? Is this investement going to be halaal or haraam?
JK.
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