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Is Prize Bond halal or not, and why?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I am from Rawalpindi, i need confirmation about Prize Bond ( In Pakistan ), Is Prize Bond halal or not, Please guide me about this (with explanation) Thanks!

Answer

(Fatwa: 907/847=B/1430)

Prize bond is a kind of gambling (qimar); therefore it is unlawful and haram.

Allah (Subhana Wa Ta’ala) knows Best

Darul Ifta,
Darul Uloom Deoband

Original Source Link

This answer was collected from the official ifta website of Darul Uloom Deoband in India.

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