Fatwa No : 85098
Ruling on the Bahbood Certificate Introduced by National Savings of Pakistan

Ruling on the Bahbood Certificate Introduced by National Savings of Pakistan

I would like to inquire about the scheme introduced by National Savings of Pakistan called the Bahbood Certificate, which is designed for senior citizens and pensioners. Under this scheme, for a deposited amount of one hundred thousand rupees, a monthly profit of 1,130 rupees is given, and this amount changes from time to time. Kindly check the mentioned website itself. Is this profit halal or will it be considered interest? Similarly, I would also like information regarding other schemes offered by this institution and by the institution (NIT).

الجوابُ حامِدا ًو مُصلیِّا ً

It should be clear that the Bahbood Certificate scheme introduced by National Savings of Pakistan, as well as the method of NIT, are impermissible and haram due to being based on interest. The Qur’an and Hadith contain severe warnings regarding interest; therefore, it is necessary to avoid obtaining such profits.

مأخَذُ الفَتوی

قال اللہ تعالی: الَّذِينَ يَأْكُلُونَ الرِّبَا لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ الَّذِي يَتَخَبَّطُهُ الشَّيْطَانُ مِنَ الْمَسِّ ( سورۃ البقرہ ایۃ 275)۔