fatwa prize bonds in urdu آج کا سبق ٢٠/١٧ پرائز بانڈ کا حکم روزانہ اسباق - PrizebondinIslam prize Fatwa Prize Bonds in Urdu: Exploring the Islamic Ruling

PrizebondinIslam The concept of Prize Bonds has been a subject of much discussion and inquiry within the Muslim community, particularly concerning their permissibility in Islam. When we search for "fatwa prize bonds in urdu," we are seeking clarification on whether these financial instruments align with Islamic principles.Prize Bond Ki Shari HaisiyatBy Shaykh Mufti Samiullah - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This article aims to delve into the various perspectives and rulings surrounding prize bonds, offering an in-depth exploration of the Islamic stance from a well-researched standpoint.

Understanding Prize Bonds

Prize bonds are a type of government security issued by countries like Pakistan. They are typically available in various denominations, such as Rs. 10, Rs.Prize Bonds Question Answer Page # 1 100, Rsپرائز بانڈ کا حکم | جامعہ علوم اسلامیہ علامہ محمد یوسف بنوری ٹاؤن. 500, and Rs. 750.Prize Bond Jaiz Hai Ya Na Jaiz? The core mechanism of a prize bond system involves periodic draws where bondholders have a chance to win monetary prizes. Unlike traditional investments that offer guaranteed returns, the outcome of holding a prize bond is based on chance.

The Core Islamic Concern: Riba and Qimar

The primary Islamic concerns regarding prize bonds revolve around two fundamental concepts: Riba (interest) and Qimar (gambling). Islamic finance strictly prohibits both.پریمئیم پرائز بانڈ (PremiumPrize Bond) ایک سودی بانڈ ہے جو کہ محض ایک سودی اکاؤنٹ میں جمع کردہ قرض کی رسید ہے جس پر واضح طور پر دلیل آفیشل اشتہار (Official ...

* Riba: While prize bonds themselves are often not structured as interest-bearing instruments in the conventional sense, the element of winning a prize, which is an addition over and above the principal amount, is viewed by many scholars as falling under the umbrella of sood (interest).Prize Bonds Rules. Prize Bond Rules · Premium Prize Bond Rules. Rafa National Savings Rules. Rafa National Savings Rule · Fatwa In English · Fatwa in Urdu. Islamic scholars hold varying views on this. Some argue that any extra gain beyond the principal, especially when it's a predetermined or a guaranteed possibility through a lottery-like system, constitutes Ribaپرائز بانڈ کا شرعی حکم کیا ہے؟ جواب.پرائز بانڈ کی خرید وفروخت اور اس پر ملنے والا انعام ناجائزا ور حرام ہے، اس میں ''سود'' اور ''جوا'' پایا جاتا ہے۔. Premium Prize Bonds, in particular, are often explicitly identified as a type of interest-based bond by scholars, where the stipulated profit is considered interest.

* Qimar: The element of chance and uncertainty associated with winning prizes is a significant factor.Answer:Prize bond k zerye hasil hone wali tamaam raqam aap k liay halaal hay. (Ref: Mafhoom e E-mail rcvd from [email protected], dated:18-02-2011) Update on ... Qimar, or gambling, involves acquiring wealth through games of chance where there is an element of risk and uncertainty. The outcome of a prize bond draw is determined by luck, and therefore, many scholars classify participating in and profiting from prize bonds as a form of gambling (qimar), which is unlawful and haram. The act of buying and selling prize bonds is therefore considered haram by a majority of Ahle Hadees scholars due to the involvement of soodProhibition of Unauthorised Business of Sale/Purchase of National Prize ....

Diverse Scholarly Opinions and Fatawa

The Islamic scholarly community has diverse opinions on the halal or haram status of prize bonds.Prize-bond system in Pakistan This is often reflected in the fatwas issued by various religious authorities.

* Prohibition: Many prominent Islamic scholars and institutions, particularly in Pakistan, have issued fatawa declaring prize bonds haram. These rulings often emphasize that the act of purchasing prize bonds is akin to gambling and that the prizes awarded represent an unlawful gain (haram). Some sources explicitly state that while the original capital is halal, the prize money obtained from prize bonds can be a point of contentionprize bonds.

* Permissibility (with caveats): On the other hand, some viewpoints suggest that if the prize bond is purchased with the intention of contributing to the government and the prize is incidental and not the primary motive, then the prize money might be considered permissible. However, this is a less common interpretation.Prohibition of Unauthorised Business of Sale/Purchase of National Prize ... There are also instances where scholars have stated that all prize money obtained through prize bonds is halal for you, referring to specific interpretations or schools of thought.

* Digital Prize Bonds (DPB): The ruling extends to Digital Prize Bonds (DPB) as well. These are also considered an interest-based bond, and the stipulated profit earned on them is viewed as interest, making their purchase impermissible and haram.

Islamic Principles in Practice

When considering the Shari Haisiyat (Sharia status) of Prize Bonds, it's crucial to understand the underlying principles. Islamic finance aims to promote ethical and fair economic practices, avoiding exploitation and speculative gains. The direct involvement of chance and the potential for illicit gains leads many scholars to conclude that prize bonds are not halal.

The Search intent behind queries like "Prize Bond Jaiz Hai Ya Na Jaiz" and "Kya prize Bond haram hai" clearly indicates a desire for definitive guidance on this matterPrize Bond ki Shari Haisiyat Aur Zakat | پرائز بانڈ کی زکوۃ. The question of whether prize bonds are haram is a significant concern for Muslims seeking to adhere to Islamic financial guidelinesMufti Taqi Usmani on Islamic Banking Fatwa - Deeneislam.com.

The Pakistani Context and Official Rulings

In the context of Pakistan, where National Savings Rules govern Prize Bonds, the discussion is particularly relevant. Numerous fatwas in Urdu and English are available from various religious bodies, including Darul Uloom Binoria and other religious institutions. Many of these have concluded that the purchase and sale of prize bonds are haram. The government's issuance of prize bonds of various denominations, while a financial tool for the state, presents an ethical dilemma for religiously observant individuals.

The debate also touches upon other financial instrumentsProhibition of Unauthorised Business of Sale/Purchase of National Prize .... For instance, Islamic banking is considered an "ikhtilaafi masala" (a matter of difference of opinion) by some, suggesting that while there are divergent views, the consensus on prize bonds being haram according to all Pakistani Ulama is much strongerProhibition of Unauthorised Business of Sale/Purchase of National Prize ....

Expert Fatwas and Research

Scholarly works like "Prize Bond Ki Shari Haisiyat by Shaykh Mufti Samiullah" delve deeply into the matter, providing detailed explanations.Prize Bond Ki Shari Haisiyat by Shaykh Mufti Samiullah | PDF These resources examine the prize bond system in Pakistan from a Shariah perspective, offering valuable insights for those seeking to understand the ruling.Are Premium Bonds Halal Or Haram In Islam? - Traders Union Some scholars, like Mufti Muhammad Taqi Usmani, have also provided their expert opinions on financial matters, which are often referenced in discussions about prize bonds.Insurance,Prize Bond

Conclusion: A Strong Consensus on Prohibition

While there might be isolated opinions or specific interpretations that differ, the overwhelming consensus among Islamic scholars, particularly in Pakistan, is that **