Variable interest and interest under other names, prize bonds and accounts : are prize bonds permissible ?

Fatawa Question

Assalamu Alaikum in Pakistan issues prize bonds on no profit no loss bases but there is prize after every three months to make people save money. The money given away by the govt. To selected people (numbers) is lawful in Islam or not. Thanks.

Fatwa

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Publication Date

2002-06-18

Main Subjects

Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-725870

American Psychological Association (APA)

Qahf, Mundhir. 2002-06-18. Variable interest and interest under other names, prize bonds and accounts : are prize bonds permissible ?. .
https://search.emarefa.net/detail/BIM-725870

Modern Language Association (MLA)

Qahf, Mundhir. Variable interest and interest under other names, prize bonds and accounts : are prize bonds permissible ?. 2002-06-18.
https://search.emarefa.net/detail/BIM-725870

American Medical Association (AMA)

Qahf, Mundhir. 2002-06-18. Variable interest and interest under other names, prize bonds and accounts : are prize bonds permissible ?.
https://search.emarefa.net/detail/BIM-725870