• Miscellaneous >> Halal & Haram

    Question ID: 25728Country: India

    Title: If Govt.(India) plans a scheme for investment that pay some money 6000 to 70000 per year and get a return six times after age 60 and some part in pension. Can we invest in such type of scheme ?

    Question: Assalamu alaikum, If Govt.(India) plans a scheme for investment that pay some money 6000 to 70000 per year and get a return six times after age 60 and some part in pension. Can we invest in such type of scheme .

    Answer ID: 25728

    Bismillah hir-Rahman nir-Rahim !

    (Fatwa: 2091/H=617/th=1431)

    This scheme is interest based; hence, it is haram.

    Allah (Subhana Wa Ta'ala) knows Best

    Darul Ifta,

    Darul Uloom Deoband, India