Draws of investment bonds (“premium bonds”)
Dear Brothers & Sisters,As-Salaamu-Alaikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)
One of our brothers/sisters has asked this question:
Here in Egypt we have something called investment bonds which are sold in the banks. They are known as “Group C” bonds, and they carry no profit, i.e., if you buy a certificate, then you want to return it, even ten years later, or more, or less, you will get back the same amount as you paid for it. Then the computer selects a number of one of the certificates that have been sold, and this wins first prize; there also second, third prizes and so on, as many as 400 prizes. The first prize is twenty thousand (Egyptian) pounds. What I want to know is, if I buy one of these bonds then I am one of the prize-winners, is it permissible for me to take this money or not? Will I be committing a sin?
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Answer:
Praise be to Allaah.
What you have described in your question is a kind of gambling (lottery), and it is haraam. In fact it is a major sin, according to the Qur’aan, Sunnah and scholarly consensus.
And Allaah is the source of strength. May Allaah bless our Prophet Muhammad and his family and companions, and grant them peace.
Whatever written of Truth and benefit is only due to Allah's Assistance and Guidance, and whatever of error is of me. Allah Alone Knows Best and He is the Only Source of Strength.
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