Pakistan State Bank Prize Bonds
Posted: 8 Rajab 1434, 18 May 2013
Q.) I would like to know the Islamic ruling regarding sale of Prize Bonds by the State Bank of Pakistan. Although Pakistan is an Islamic State and has clear ruling about riba by the Supreme Court of Pakistan, does it make it halal for the State Bank of Pakistan to sell Prize Bonds or the people to cash them anytime they wish?
And Allah Ta'ala Knows Best.