Purchasing Defense Certificates for Investment

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Purchasing Defense Certificates for Investment

Financial Transactions,Interest,Purchasing Defense Certificates for Investment

Fatwa No :

82939

| Date :

0000-00-00

Fatwa No : 82939
Purchasing Defense Certificates for Investment

معاملات / مالی معاوضات / سود

Purchasing Defense Certificates for Investment

What do the esteemed scholars and honorable muftis say about the following issue: When I used to work, I managed to save some money. Now, I want to invest that amount somewhere to earn a reasonable profit. Some people have suggested that I should purchase Defence Saving Certificates. However, I am unaware whether the profit earned from them is halal or haram. Should I invest my money in Defence Saving Certificates? Is there any institution in Pakistan where I can deposit my money in a Shariah-compliant manner?

الجوابُ حامِدا ًو مُصلیِّا ً

According to our knowledge, no government investment scheme is free from interest; therefore, it is necessary to avoid purchasing such certificates and investing through them.
However, Meezan Bank currently operates under the supervision of scholars and invests according to legitimate and halal methods. Therefore, after obtaining detailed information from them, you may invest your money in any of their projects.

And Allah knows best
مفتی عبد اللہ شوکت صاحب عُفی عنه
دار الافتاء جامعه بنوریه عالمیه
Fatwa No 82939 Verify Now

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Purchasing Defense Certificates for Investment        
    
    Question:
    What do the esteemed scholars and honorable muftis say about the following issue: When I used to work, I managed to save some money. Now, I want to invest that amount somewhere to earn a reasonable profit. Some people have suggested that I should purchase Defence Saving Certificates. However, I am unaware whether the profit earned from them is halal or haram. Should I invest my money in Defence Saving Certificates? Is there any institution in Pakistan where I can deposit my money in a Shariah-compliant manner?
    Answer:
    According to our knowledge, no government investment scheme is free from interest; therefore, it is necessary to avoid purchasing such certificates and investing through them.
However, Meezan Bank currently operates under the supervision of scholars and invests according to legitimate and halal methods. Therefore, after obtaining detailed information from them, you may invest your money in any of their projects.