Published 4 months ago
Last updated 4 months ago
Q: Here in Saudi Arabia, there is a bank called Al Rajhi that offers a savings account where you can deposit money without earning any interest. They also conduct lucky draws for account holders, and I want to ask if the prize money from these draws is considered halal or haram.
A: It will be regarded as interest, and hence haraam.
And Allah Ta'ala (الله تعالى) knows best.
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