Source: http://qa.muftisays.com/?2478
Question ID: #2478
 
Question: Saving Certificate
I have started purchasing defence & saving certificates since 1998 in order of my office to get tax benifit.
Is my purchasing defence & savings certificates haram ?
 
 
Answered by: Ulamaa ID 04 (London)
Date: 15/05/2012 23:23pm

Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah's guidance)


The certificate you mentioned above involves Riba (interest). Therefore, it will not be permissible to invest in such schemes.



And Only Allah Ta'ala Knows Best.
Mufti Qamruzzaman

London, UK
 
www.MuftiSays.com