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Zakat from prize bonds

Answered according to Hanafi Fiqh by DarulIftaBirmingham

Zakat from prize bonds

In the name of Allah, the most Beneficent, the most Merciful.

Answer

In an earlier fatwa I have written that prize bonds are impermissible. Zakat will be obligatory on the amount you paid for the bonds, but, there will be no zakat on the money received from the prize bonds as this is haraam. (Jadeed Fiqhi Masaail p.216 v.1)

Only Allah Knows Best

Mohammed Tosir Miah

Darul Ifta Birmingham

This answer was collected from DarulIftaBirmingham.co.uk, which is run under the supervision of Mufti Mohammed Tosir Miah from the United Kingdom.

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