Home » Hanafi Fiqh » Muftionline.co.za » Permissibility of Prize Bonds in Islam: A Quranic and Sunnah Perspective
Q: Is buying prize bonds permissible in Islam? Provided that no loss of money is faced by the buyer as the money of prize bonds can be refunded. Explain this in the light of Quran and Sunnah.
A: It is not permissible.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Zakaria Makada
Checked & Approved:
Mufti Ebrahim Salejee (Isipingo Beach)
This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.
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