Fatwa: # 17631
Category: Financial Transactions
Country: Pakistan
Date: 3rd March 2009

Title

My father invested in National Saving Scheme (http://www.savings.gov.pk/schemes.htm) according to which money is deposited for a fixed duration and depositor is paid fixed ...

Question

My father invested in National Saving Scheme (http://www.savings.gov.pk/schemes.htm) according to which money is deposited for a fixed duration and depositor is paid fixed profit. Since long he has been depositing his earnings in this scheme and spending the money out of the profit for different needs in life. As inherited property from my father side, I will be given a house for living with my family. This property/house will be constructed from the money coming out of same scheme. Now please guide me (a) if it is ok for me to live and use that house. (b) If not, can this house be used for a purpose through which God forgives the sin which has been commited because of lack of awareness by us. 

Answer

In the name of Allah, Most Gracious, Most Merciful

Assalaamu `alaykum waRahmatullahi Wabarakatuh  

We have checked the website regarding the National Saving Scheme and cannot rule on the Shariah compliancy of the scheme as the information on the website is too brief.

We have however noticed on the website that the NSS (National Saving Scheme) offers a prize bond. To be part of such a scheme is not permissible (Ahsanul Fatawa 7/26, Aap Ke Masaail 6/272, Jawahirul Fataawa 3/187, and Contemporary Fataawa 238)

If your father has invested into the above scheme, the dividends earned from NSS will not be regarded as Halaal. The dividends will have to be distributed to the poor and needy.

The capital amount will form part of the estate and distributed to the heirs. You may then use your share as you wish.

And Allah knows best

Wassalam u Alaikum

 

Checked and Approved by:

Mufti Ebrahim Desai
Darul Iftaa

DISCLAIMER - AskImam.org questions
AskImam.org answers issues pertaining to Shar'ah. Thereafter, these questions and answers are placed for public view on www.askimam.org for educational purposes. However, many of these answers are unique to a particular scenario and cannot be taken as a basis to establish a ruling in another situation or another environment. Askimam.org bears no responsibility with regards to these questions being used out of their intended context.
  • The Shar's ruling herein given is based specifically on the question posed and should be read in conjunction with the question.
  • AskImam.org bears no responsibility to any party who may or may not act on this answer and is being hereby exempted from loss or damage howsoever caused.
  • This answer may not be used as evidence in any Court of Law without prior written consent of AskImam.org.
  • Any or all links provided in our emails, answers and articles are restricted to the specific material being cited. Such referencing should not be taken as an endorsement of other contents of that website.
The Messenger of Allah said, "When Allah wishes good for someone, He bestows upon him the understanding of Deen."
[Al-Bukhari and Muslim]