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Premium Bonds

Question date:   10th September 2004
From:   Usman
Short URL:   http://qa.muftisays.com?12
Notes:   No Notes
Question ID:   12
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Assalaamualaikum.

Are premium bonds and the money got from these bonds halaal? If not what should be done with the money received from these premium bonds?

Answer

Ulamaa
Ulamaa ID 02

Answer last updated on:
13th September 2005
Answered by: Ulamaa ID 02

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Wa Alaykum Salam,


Premium bonds are investments dependant upon interests. As such it is not permissible to invest in such schemes. Also, all earnings gained from premium bonds are haram and should be given to charity without the intention of gaining any rewards (sawab).


And Allah (swt) knows best.

--------------------------------------
Mufti Saifur Rahman Sahib
London, UK
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