Home » Hanafi Fiqh » Muftisays.com » Is buying defence and savings certificates for tax benefit haram since 1998?

Is buying defence and savings certificates for tax benefit haram since 1998?

Answered as per Hanafi Fiqh by Muftisays.com
I have started purchasing defence & saving certificates since 1998 in order of my office to get tax benifit.
Is my purchasing defence & savings certificates haram ?

Answer
Bismillah

Al-jawab billahi at-taufeeq (the answer with Allah’s guidance)

The certificate you mentioned above involves Riba (interest). Therefore, it will not be permissible to invest in such schemes.

And Only Allah Ta’ala Knows Best.

————————————–
Moulana Qamruz Zaman
London, UK

Original Source Link

This answer was collected from MuftiSays.com, based in London (UK). It is one of the fruits of Darul Uloom London. Many ‘ulama are involved in answering the Q&A on the site, including: Shaikul Hadeeth Mufti Umar Farooq Sahib, Mufti Saifur Rahman Sahib, Mufti Abdullah Patel Sahib, Maulana Qamruz Zaman Sahib, Mufti Abu Bakr Karolia Sahib.

Read answers with similar topics: