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An Introduction To Islam For Non Muslims
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 Post subject: bonds
PostPosted: Mon Jan 04, 2010 8:45 pm 
as.al i would like to ask,is premum bonds halal? because we get our money back.z a


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 Post subject: Re: bonds
PostPosted: Tue Jan 05, 2010 11:36 am 
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Joined: Thu Jun 01, 2006 5:19 pm
Posts: 202
Premium bond is a form of gambling i.e. a major sin. Regardless of getting money back or not, purchasing the bond is for a chance to win i.e. gambling, no one purchases a premium bond because s/he wants a bond, the sole purpose of buying it is to get a chance in winning. Other than gambling; the money is used to feed these Riba (usury, interest) eaters money to be used in their Riba deals, lending them money helps them in their major sin (Riba) and that's another sin besides gambling.

A similar question was asked on islam-qa and that's their opinion as well:
http://www.islam-qa.com/en/ref/10064/

Jazaka Allaho Khayran for asking about the ruling before participating; this shows your adherence to Islam rules, may Allah reward you.


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