Prizes and competitions on chance : prize lottery on accounts

Fatawa Question

Respected scholars, As-Salam `Alaykum. I have a question regarding Lottery ! We have some banks in our country that make an account by name of portion (Qismat) or luck (Nasib). The bank saves the money for its users and user can get his / her money everywhere in the country. The bank doesn't want any wage for keeping money. The bank has lottery at the end of each month. IF our money spent one month in the bank then they run the lottery who have 100 $ or more than 100 $. The customer either gets the chance of lottery or not. So how is this issue in Islam ? This is the complete detail of accounts http://www.kabulbank.com/html/SavingBankDeposit.html#Bakht http://www.azizibank.af/#

Fatwa

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Publication Date

2008-02-09

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-733913

American Psychological Association (APA)

Qahf, Mundhir. 2008-02-09. Prizes and competitions on chance : prize lottery on accounts. .
https://search.emarefa.net/detail/BIM-733913

Modern Language Association (MLA)

Qahf, Mundhir. Prizes and competitions on chance : prize lottery on accounts. 2008-02-09.
https://search.emarefa.net/detail/BIM-733913

American Medical Association (AMA)

Qahf, Mundhir. 2008-02-09. Prizes and competitions on chance : prize lottery on accounts.
https://search.emarefa.net/detail/BIM-733913