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289 Some people buy prize bond before the lucky draw and when the date of lucky draw comes nearer the price of prize bond is raised and they sold their prize on higher rate.. Is this way is Jaiz (allowed) in Islam. Your early reply will be highly appreciated.
This is not Jaiz in Islam. According to some scholars who have researched this area have issued the opinion (fatwa) that Indeed it is haraam to participate in buying of the premium bonds since its investment is not ownership. It is rather a loan on which interest is earned.
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