prize bonds

Investing in prize bonds

Q: My question is about bonds issued by the state bank of Pakistan. I want to know whether investing in bonds is halal or haram. Remember, there is no interest amount charge on it. If your name is in the list of lucky draw you will get a specific amount/money after tax deductions if not then you will get back tbe face value of the bond. So tell me whether investment in such thing is halal or haram?

Investing in prize bonds

Q: My question is regarding the bonds that can be acquired from the state bank of the country and used as an investment tool by different people. The different bonds are worth from 100 Rupees to 40000 RS. then people wait for the draw to take place, once the draw takes place if your bond number is in the list you will get the prize money, otherwise you can get your money back by returning the bond to the bank. I want to know whether investment in these bonds are Halal or Haram. Is the prize money halal or haram?

Prize bonds

Q: Is buying prize bonds permissible in Islam? Provided that no loss of money is faced by the buyer as the money of prize bonds can be refunded. Explain this in the light of Quran and Sunnah.