06-27-2006, 05:08 PM
AOA
yes pracs u r right i post this topic here for consoultance b/c some one told me goverment realy invest this amount in bussines and i also got fatwa about this topic form this site.
http//www.binoria.org/urdumasail/index.html
And fatwa is given below
<b>sbno TRADE / BUSINESS
dquery 4/20/2003
qline Earning through investing in saving certificates, lawul or not?
<u>question</u>
I am a widow, my husband has left some money behind. I have nobody else to earn earning for me. So I invested this money in Saving Certificates, a scheme of Govt Of Pakistan. They give fixed 10% annual profit on our investment through which I bear the monthly expenses of my house.
Now I come to know that this income is not legal according to Shari'ah, so please advise me that
* Is this income legal according to Shari'ah?
* If not then suggest me some other source where I can invest my money and earn as many amount through which I can run my house.
<u>answer </u>
Whatever kind of money one gets on one's bank account, deposited for earning money on it, is interest. It is prohibited and, thus, not allowed in the Shari'ah. It should be avoided. And whatever amount you have earned so far in the name of interest, give that to the needy without having any intention of reward so that you may be redeemed of being caught for the sin in the life hereafter. You must also seek forgiveness of Allah for the sin you have been committing by getting interest.
Invest your money in some lawful investment/business in future. You may also put your money or invest it in any lawful project of Al-Mizaan bank or Al-Barakah bank which are having lawful transactions in this regard. Try to get better off in finance by investing your money in lawful ways.
(ref Al-Qur'an; Suratul-Baqarah275, 276)
reference
istiftano 23464 </b>
yes pracs u r right i post this topic here for consoultance b/c some one told me goverment realy invest this amount in bussines and i also got fatwa about this topic form this site.
http//www.binoria.org/urdumasail/index.html
And fatwa is given below
<b>sbno TRADE / BUSINESS
dquery 4/20/2003
qline Earning through investing in saving certificates, lawul or not?
<u>question</u>
I am a widow, my husband has left some money behind. I have nobody else to earn earning for me. So I invested this money in Saving Certificates, a scheme of Govt Of Pakistan. They give fixed 10% annual profit on our investment through which I bear the monthly expenses of my house.
Now I come to know that this income is not legal according to Shari'ah, so please advise me that
* Is this income legal according to Shari'ah?
* If not then suggest me some other source where I can invest my money and earn as many amount through which I can run my house.
<u>answer </u>
Whatever kind of money one gets on one's bank account, deposited for earning money on it, is interest. It is prohibited and, thus, not allowed in the Shari'ah. It should be avoided. And whatever amount you have earned so far in the name of interest, give that to the needy without having any intention of reward so that you may be redeemed of being caught for the sin in the life hereafter. You must also seek forgiveness of Allah for the sin you have been committing by getting interest.
Invest your money in some lawful investment/business in future. You may also put your money or invest it in any lawful project of Al-Mizaan bank or Al-Barakah bank which are having lawful transactions in this regard. Try to get better off in finance by investing your money in lawful ways.
(ref Al-Qur'an; Suratul-Baqarah275, 276)
reference
istiftano 23464 </b>
