Asalamoalikum Hazrat,
I have a question about saving certificates. Is it permissible to invest or buy such certificates? Background: My wife’s father is a banker and he had multiple saving certificates. My wife is insisting to buy those certificates saying that “since her father did that, it is allowed to buy it”. I am afraid that it is sood and prohibited in Islam.
Please guide.
Bilal
بسم اللہ الرحمن الرحیم
الجواب وباللہ التوفیق
The Savings Certificate Scheme is an interest-based scheme and the profit from it is interest. Therefore, it is not permissible to purchase and invest in these certificates.
قولہ تعالیٰ: أحل البیع وحرم الربوا ۔(البقرہ: ۲۷۵)
قولہ تعالیٰ: ’’ يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِنْ كُنْتُمْ مُؤْمِنِينَ ‘‘(البقرہ: ۲۷۸)
لعن رسول اللہ صلی اللہ علیہ وسلم آکل الربوا وموکلہ وکاتبہ وشاھدیا وقال ہم سواء(مسلم: ۲؍۲۷)(مستفاد: فتاویٰ عثمانی: ۳؍۱۷۳، ۲۶۷)
فقط واللہ اعلم بالصواب