Fatwa #168315 December 2000Pakistan

Are premium bonds jaiz? With premium bonds for every £ you get a number which are then put into a draw each month. If your number comes out then you win a prize.

Answer

We have studied the documents on premium bonds sent by you. According to the Shariah it is not permissible to purchase or invest in the premium bonds.

And Allah Ta'ala knows best

Mufti E. Desai

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#17717I have heard/read that prize bond is not halal. A prize bond is a piece of paper issued by my govt. (ISLAMIC REPUBLIC OF PAKISTAN). It is purchased from them and then a
#7253Are children’s competitions allowed where their names are put into a prize draw and whichever child’s name is taken out first wins a prize (they do not give any money to be part of the competetion)?
#270361) Using false certificates to secure a job. 2) Buying prize bonds. 3) Using money earned unlawfully.
#15217National Premium Bond
#18668Two sports teams play against each other ...is it allowed for the winning team to be rewarded by the losing team with gifts etc. Assuming before ...
#6103A builder friend of mine told me that people are benefiting from him as they put their money in his business and he pay them fix rate of 2percent per month

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