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Saving Certificate

Last updated: 19th September 2006
Question ID: #2478
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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 ?


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
Answer last updated on:
15th May 2012
Answered by:
Ulamaa ID 04
Website
Location: London
Mufti Qamruzzaman

London, UK