Variable interest and interest under other names, prize bonds and accounts : is the return of the Pakistani financial saving scheme Riba ?
Fatawa Question
In Pakistan there is a financial Saving Scheme sponsored by the government. I have deposited One Million rupees and get a monthly income of 12,000 rupees in this scheme. Zakah is also deducted at the source at the end of the scheme. Is it okay or is it Riba ?
Fatwa
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Publication Date
2003-01-18
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-725868
American Psychological Association (APA)
Qahf, Mundhir. 2003-01-18. Variable interest and interest under other names, prize bonds and accounts : is the return of the Pakistani financial saving scheme Riba ?. .
https://search.emarefa.net/detail/BIM-725868
Modern Language Association (MLA)
Qahf, Mundhir. Variable interest and interest under other names, prize bonds and accounts : is the return of the Pakistani financial saving scheme Riba ?. 2003-01-18.
https://search.emarefa.net/detail/BIM-725868
American Medical Association (AMA)
Qahf, Mundhir. 2003-01-18. Variable interest and interest under other names, prize bonds and accounts : is the return of the Pakistani financial saving scheme Riba ?.
https://search.emarefa.net/detail/BIM-725868
