Zakat from prize bonds

CategoriesZakah [234]

Zakat from prize bonds

In the name of Allah, the most Beneficent, the most Merciful.


In an earlier fatwa I have written that prize bonds are impermissible. Zakat will be obligatory on the amount you paid for the bonds, but, there will be no zakat on the money received from the prize bonds as this is haraam. (Jadeed Fiqhi Masaail p.216 v.1)

Only Allah Knows Best

Mohammed Tosir Miah

Darul Ifta Birmingham

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