Transactions & Dealings >> Other Transactions
Question ID: 1729Country: India
Answer ID: 1729
Bismillah hir-Rahman nir-Rahim !
(Fatwa: 725/721=N)
In this scheme, ten members give one thousand rupees for ten months, and each month the collected amount is handed over to a person in whose name the lot is drawn. This is allowed. But, what kind of charge it is (in form of one hundred rupees) which is received from every member? Please, describe it clearly then in-sha-Allah you shall be given an accurate reply about this scheme.
Allah (Subhana Wa Ta'ala) knows Best
Darul Ifta,
Darul Uloom Deoband, India