In the name of Allah, Most Gracious, Most Merciful
Assalaamu `alaykum waRahmatullahi Wabarakatuh
We have checked the website regarding the National Saving Scheme and cannot rule on the Shariah compliancy of the scheme as the information on the website is too brief.
We have however noticed on the website that the NSS (National Saving Scheme) offers a prize bond. To be part of such a scheme is not permissible (Ahsanul Fatawa 7/26, Aap Ke Masaail 6/272, Jawahirul Fataawa 3/187, and Contemporary Fataawa 238)
If your father has invested into the above scheme, the dividends earned from NSS will not be regarded as Halaal. The dividends will have to be distributed to the poor and needy.
The capital amount will form part of the estate and distributed to the heirs. You may then use your share as you wish.
And Allah knows best
Wassalam u Alaikum
Muhammed Zakariyya Desai,
Checked and Approved by:
Mufti Ebrahim Desai
Darul Iftaa, Madrassah In’aamiyyah
Visit us at:
http://www.al-inaam.com [ Madrassah In’aamiyyah ]
http://www.askimam.org [ Darul Ifta – Madrassah In`aamiyyah ]
http://groups.google.com/group/shariahcompliant [Shariah Compliant Business Campaign]
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