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Profit Received From National Savings Certificate (Fixed)
Dear Ghamidi Sb,
I have been investing in National Savings Certificate since July 2019. At that time I was not having a fixed source of income. By the end of 2019, I got employed in state owned company with a secure job and reasonable pay. Recently, I started reading Quran Pak Translation and Tafseer and realized that source of profit given by NSC is not known, therefore we cannot assess if it is Halal.
Now, I have earned a considerable amount of Profit and I am not investing anymore. Infact, decided to encash the certificate and invest the amount in Stock Market. My question is will I be accountable for the profit earned and consumed from NSC or not.
There is a clip of 2016 wherein you said that profits from National Savings is halal if we believe in Islamic Republic of Pakistan whereas profit from Commercial Banks is Haram and I made the investments on that clip. However, there is a clip of 2019 in which you stated that profit source is not known, therefore it is preferred not to invest if you have a good source of income.
Your opinion is requested in this matter.
Regards.
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2 Replies
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Profit Received From National Savings Certificate (Fixed)
updated 2 years, 7 months ago
3 Members
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2
Replies
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See Faisal sb response in Discussion 41666
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