Mufti Online — Madrasah Ta'leemuddeen

Receiving prize money from a lucky draw by the bank

· 21 Muharram 1446 AH1 min readEnglish

Question

Here in Saudi Arabia, there is a bank called Al Rajhi that offers a savings account where you can deposit money without earning any interest. They also conduct lucky draws for account holders, and I want to ask if the prize money from these draws is considered halal or haram.

Answer

It will be regarded as interest, and hence haraam.

And Allah Ta'ala (الله تعالى) knows best.

Answered by
Mufti Zakaria Makada
Checked & approved by
Mufti Ebrahim Salejee (Isipingo Beach)
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Source: Mufti Online — Madrasah Ta'leemuddeen — https://muftionline.co.za/node/34942
Fatawa SA: https://fatawa.co.za/fatwa/muftionline-34942

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