The Office of the Supreme Leader
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Practical Laws of Islam

    • Rules of Taqlīd
    • Rules on Purity
    • Prayer
    • Fasting
    • Khums
    • Jihad
    • Enjoining the Good and Forbidding Evil
    • Ḥarām Gains
    • Chess and Gambling Instruments
    • Music and Ghinā’
    • Dancing
    • Clapping
    • Non-maḥrams’ Pictures and Films
    • Satellite Television Equipment
    • Theatre and Cinema
    • Painting and Sculpture
    • Magic, Conjuring, and Evocation of Spirits and Jinn
    • Hypnosis
    • Lottery
    • Bribery
    • Medical Issues
    • Teaching, Learning and Their Proprieties
    • Copyrights
    • Dealing with non-Muslims
    • Working for Oppressive States
    • Clothing
    • Treating the West
    • Smoking and Narcotics
    • Shaving the Beard
    • Attending Gatherings of Debauchery
    • Writing Supplications and Istikhārah
    • Religious Events
    • Hoarding and Extravagance
    • Buying and Selling
    • Miscellaneous Issues in Business
    • Rules Concerning Ribā
    • Right of Pre-emption
    • Hiring, Renting, and Lease
    • Surety
    • Pawning and Mortgaging
    • Partnership
    • Presents and Gifts
    • Debt and Loan
    • Ṣulḥ
    • Power of Attorney
    • Mustaḥabb Alms
    • Deposits and Loaned Properties
    • Leaving a Will
    • Usurpation
    • Placement under Guardianship and Signs of Maturity
    • Silent Partnership
    • Banking
      • Bank Prizes
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        Bank Prizes
         
        Q1929. I deposited a sum of money in a savings account with the national bank. After a while, the bank gave me some money under the title of prize. What is the view on taking receipt of such money?
        A: There is no objection to having the prize and to using it.
         
        Q1930. Prizes are granted for deposits by way of ribā-free loans. What is the view on receiving such prizes? What is the view on depositing the money with the intention of receiving the prize? And assuming that taking receipt of such prizes is permissible; would the money be liable to khums?
        A: There is no problem in depositing money by way of ribā-free loans and the prize given thereof. The prize should not be liable for payment of khums.
         
        Q1931. The savings accounts holders did not approach the bank to receive the prizes they won, either because they were not aware or for some other reason. Is it permissible for the bank to use the prizes or to distribute them among its employees?
        A: Neither the bank nor its employees have the right to own the prizes unless it is done with the permission of the winners.
      • Working in the Banking Sector
      • Rules of Checks and Bills of Exchange
      • Insurance
    • State Property
    • Endowments
    • Rules Concerning Graveyards
    • Glossary
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