Answer:
(Fatwa: 644/635=D)
It was termed haram since it consists of interest, gambling, gharar (aleatory/jeopardy) and bai-e-fasid (invalid transaction).
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband
(Fatwa: 644/635=D)
It was termed haram since it consists of interest, gambling, gharar (aleatory/jeopardy) and bai-e-fasid (invalid transaction).
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband