Assalamu alaikum, If Govt.(India) plans a scheme for investment that pay some money 6000 to 70000 per year and get a return six times after age 60 and some part in pension. Can we invest in such type of scheme .
Answer:
(Fatwa: 2091/H=617/th=1431)
This scheme is interest based; hence, it is haram.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband