Q: My question is about bonds issued by the state bank of Pakistan. I want to know whether investing in bonds is halal or haram. Remember, there is no interest amount charge on it. If your name is in the list of lucky draw you will get a specific amount/money after tax deductions if not then you will get back tbe face value of the bond. So tell me whether investment in such thing is halal or haram?
A: This is a type of gambling combined with interest.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)