Are prize bonds halal?
Assalam.o.Alaikum, I just wanted to know whether prize bonds are halal or not. What is a prize bond? A prize bond is a piece of paper having a particular value of money. One can invest by buying a prize bond and then getting a prize depending on your luck after some period of time. The prize is determined by a lucky draw. For e.g: A person buys a prize bond worth Rs. 1500. After sometime, there will be a lucky draw and depending on your luck, you can win the first prize, second prize, third prize or nothing. I have read in many articles that the govt. accumulates the interest payable on each person’s prize bond, consitutes it in a join pool and then gives the money to the person who wins it through a lucky draw. Just wanted to know whether checking it whether a person has won or not is also wrong or not as in my case, my father asks me to check the prize bond for him. Is it also a sin for me to check the bonds, whether my father has won or not through the internet/computer. My father s
