fatwa prize bond in urdu bonds - Prize bond fatwa Prize bond The Sharia Ruling on Prize Bonds: A Comprehensive Analysis in Urdu

Prize bond inIslam The question of whether prize bonds are halal or haram is a recurring one within the Muslim community, particularly in Pakistan.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 ... This article aims to provide a thorough exploration of this topic, delving into the Islamic legal perspectives, the nature of prize bonds, and the various fatwas issued by Islamic scholars. Understanding the shari haisiyat (Sharia status) of these financial instruments is crucial for Muslims seeking to ensure their earnings and investments are permissible.

What are Prize Bonds?

Prize bonds are government-issued debt instruments. They are available in various denominations, ranging from 100 Rupees to 40000 RS. Unlike traditional savings schemes or investments, prize bonds do not offer a fixed rate of return or interest. Instead, holders participate in periodic draws, where winning numbers are announced, and successful bondholders receive prizes. The core mechanism involves purchasing a bond, and then waiting for a draw, with the possibility of winning a prize. The face value of the bond is typically returned upon encashment, but the allure lies in the potential for winning substantial amounts, often free from tax.

The Islamic Legal Perspective: Interest (Riba) and Gambling (Qimar)

Islamic finance strictly prohibits riba (interest) and qimar (gambling).Prize Bond Ki Shari HaisiyatBy Shaykh Mufti Samiullah - Free download as PDF File (.pdf), Text File (.txt) or read online for free. These prohibitions are fundamental to financial dealings in Islam, ensuring that wealth is generated through legitimate means that do not exploit others or involve undue risk and uncertainty.

* Riba: Interest is considered usury and is unequivocally forbidden in the Quran and Sunnah. Any financial instrument that guarantees a predetermined profit based on lending money is deemed haram. This is why many scholars view instruments that offer a fixed return as problematic. Digital prize bonds (DPB), for instance, are often described as interest-based, making their acquisition impermissible and haraam.English Fatawa Urdu Fatawa · Ask Fatwa. (+92) 0317 1118263. Online Fatwa ...Prize Bond. Fatwa No : 10354. | Date : +. Aa -. Online Fatwa Darulifta Binoria

* Qimar: Gambling involves staking something of value on an uncertain outcome where there is a possibility of gain or loss. The element of chance and speculation is central to gambling, making it haramپرائز بانڈ کا شرعی حکم کیا ہے؟. The lottery format of prize bond draws, where the outcome is based purely on luck, is frequently equated to qimar by scholars.

Fatwas on Prize Bonds: A Spectrum of Opinions

The fatwa landscape regarding prize bonds is not entirely uniform, though a significant majority lean towards prohibitionOur government is running a scheme ofPrize Bondsof varying amounts and prizes. We can purchase a bond and balloting is held periodically. The successful ....

* The Majority View: Haram and Impermissible

Many prominent Islamic scholars and organizations, particularly in Pakistan, have issued fatwas declaring prize bonds to be haram. This stance is primarily based on the argument that the prizes awarded constitute qimar (gambling). The act of purchasing a prize bond is seen as paying for a chance to win, which is akin to a bet. Some sources explicitly state that the prize bond is a kind of gambling (*qimar*), therefore it is unlawful and haram. This perspective is shared by many Pakistani Ulama. For instance, a fatwa issued by Darul Uloom Karachi and other institutions opines that the "purchase and sale of prize bond and the prizes obtained from it are najaz (impermissible) and haram." They argue that sud (interest) and jawwaz (gambling) are present in the prize bond system.

* The Minority View: Permissible Under Certain Conditions

A smaller group of scholars, particularly within certain schools of thought like Ahle Tasheeh, have considered prize bonds to be halal.(Fatwa: 907/847=B/1430).Prize bondis a kind of gambling (qimar); therefore it is unlawful and haram. Allah (Subhana Wa Ta'ala) knows Best. Darul Ifta,. Darul ... Their reasoning often focuses on the aspect that the bond itself is a form of investment or savings, and the prizes are an additional benefit. In this view, the primary purpose is not gambling but saving, and the prizes are a bonus. Some sources suggest that "in view of Ahle Tasheeh, selling and buying of prize bond is halal and profit or prize on a specific bond is also halalNational Savings Announces Rs. 750 Prize Bond Results for January 2026." Another perspective suggests that if the intention behind buying the prize bond is to support the government's development projects and that any prize received is a gift, then it might be permissibleI am from Rawalpindi, i need confirmation about Prize ....

* The Nuance of Premium Prize Bonds

There's also discussion around premium prize bonds. While some consider any prize bond to be halal, others draw a distinction. Any investor could face risk, but it is not necessarily a gambleThe DigitalPrize Bond(DPB) is an interest-based bond. The stipulated profit earned on it is interest. Therefore, buyingit is impermissible and Haraam.. The argument here is that an investor could potentially lose their principal if the bond is lost or stolen, but the government guarantees the return of the face valueInsurance,Prize Bond.

Entity, LSI, and Variations in the Prize Bond Discussion:

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* Variations: Discussion around the halal nature of purchasing and holding prize bonds frequently appears in Urdu forums and religious question-answer platforms. These