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National Savings Pakistan Behbood Certificate
Is National savings Pakistan behbood certificate halal or haram.The Behbood Savings Certificate (BSC) is a 10-year, government-backed scheme designed for senior citizens (60+), widows, and disabled persons. It currently offers a profit rate of 13.20% paid out monthly, with investments exempted from Zakat and withholding taxes. It says non shariah compliant.
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2 Replies
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National Savings Pakistan Behbood Certificate
updated 3 weeks ago
2 Members
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Replies
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To me, it is not Riba; it is investment in a bank, and profit on investment is halal.
For more details, follow the link
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Thankyou !
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