permissible Fatwa Cover

Receiving pensioner savings certificates 8452515379

Monthly Al Kawthar•permissible•

Question

One person is willing to purchase pensioner savings certificates issued by the post office. Would it be permissible for him to purchase those savings certificates? If it is not permissible, you will be obliged to mention its obvious reasons. The 4th page of the Pensioner Savings Certificate states, ‘A profit of Rs. 550 / - will be paid every three months at Rs. ... Profit will be given at the rate of 7.50% in one year and 7.25% in two years. That means profit will be given at such a rate on the original. 9172219476

Answer

- حامداومصلياومسلما، بسم الله الرحمن الرحيم -

It is clear from the description of the Post Office Pensioner Savings Certificate that it is a purely interest-bearing scheme. Where the depositor is given a certain amount of profit at maturity. Needless to say, this is the forbidden usury-riban nasiah of the Qur'an. It is this interest that is declared in the Qur'an, (translation) ‘O you who believe! Be careful of (your duty to) Allah and give up what remains of your demand for usury, if you are indeed believers. If you do not give up, then be ready to fight Allah and His Messenger. '(Surat al-Baqara: 26,269) See also: Surah Al-Imran: 130; Ahkamul Quran, Zafar Ahmad Thanvi 1/8, 60; Qurtubi 3/226 in Tafsir; Ahkamul Quran, Jassas 1/48 Therefore, it is essential to refrain from depositing the pension in question. Below are a few more quotes. Jame Tirmizi 1/229; Sunan Kubra Bayhaqi 5/265; Musannaf Ibn Abi Shaybah 10/846; Fatawa Khaniya 2/280; Badayous Sanaye 6/518; Raddul Muhtar 5/18 2811411985

- والله اعلم باالصواب -

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Source

  • জামে তিরমিযী, Part: 1, Page: 229
  • সুনানে কুবরা বায়হাকী, Part: 5, Page: 275
  • মুসান্নাফ ইবনে আবী শায়বা, Part: 10, Page: 648
  • ফাতাওয়া খানিয়া, Part: 2, Page: 280
  • বাদায়েউস সানায়ে, Part: 6, Page: 518
  • রদ্দুল মুহতার, Part: 5, Page: 166

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