{"id":18070,"date":"2020-11-12T14:00:43","date_gmt":"2020-11-12T14:00:43","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=18070"},"modified":"2020-11-12T14:00:43","modified_gmt":"2020-11-12T14:00:43","slug":"is-the-governments-help-to-save-scheme-permissible","status":"publish","type":"post","link":"https:\/\/daruliftabirmingham.co.uk\/home\/is-the-governments-help-to-save-scheme-permissible\/","title":{"rendered":"Is the Government\u2019s Help to Save Scheme Permissible"},"content":{"rendered":"<p style=\"text-align: right;\">\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><strong>Fatwa ID: 04489<\/strong><\/span><\/span>\n<\/p>\n<p>\n\t<strong><span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Answered by:&nbsp;<\/span><\/span><span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Maulana Mubarak Patel<\/span><\/span><\/strong>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><b><u>Question:<\/u><\/b><\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">My question, is the following type of government saving allowed?&nbsp;<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Help to Save is a type of savings account. It allows&nbsp;certain people&nbsp;entitled to Working Tax Credit or receiving Universal Credit to get a bonus of 50p for every &pound;1 they to save over 4 years.<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Help to Save is backed by the government so all savings in the scheme are secure.<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">How payments work. You can save between &pound;1 and&pound;50 each calendar month. You do not have to pay money every month. You can pay money into your Help to Save account by debit card, standing order, or bank transfer. You can pay in as many times as you like, but the most you can pay in each calendar month is &pound;50. For example, if you have saved &pound;50 by 8 January you will not be able to pay in again until 1 February. You can only withdraw money from your Help to Save account to your bank account.<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p align=\"center\">\n\t<strong>\u0628\u0650\u0633\u0652\u0645\u0650 \u0627\u0644\u0644\u0647\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0652\u0645\u0646\u0650 \u0627\u0644\u0631\u0651\u064e\u062d\u0650\u064a\u0652\u0645<\/strong>\n<\/p>\n<p align=\"center\">\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><b><u>In the name of Allah, the Most Gracious, the Most Merciful<\/u><\/b><\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\"><b><u>Answer:<\/u><\/b><\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">As you have described, the Help to Save scheme is a way in which the government gives people a certain amount of money based on how much they save.<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">The above scheme is allowed as there is no interest involved and it is merely a gift from the government.<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t&nbsp;\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Only Allah knows best<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Written by Maulana Mubarak Patel<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:16px;\"><span style=\"font-family:verdana,geneva,sans-serif;\">Darul Ifta Birmingham<\/span><\/span>\n<\/p>\n<p>\n\t&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fatwa ID: 04489 Answered by:&nbsp;Maulana Mubarak Patel &nbsp; Question: &nbsp; My question, is the following type of government saving allowed?&nbsp; Help to Save is a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18070"}],"collection":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=18070"}],"version-history":[{"count":2,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18070\/revisions"}],"predecessor-version":[{"id":18083,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/18070\/revisions\/18083"}],"wp:attachment":[{"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=18070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=18070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=18070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}