I just wanted to know whether prize bonds are halal or not.
What is a prize bond?
A prize bond is a piece of paper having a particular value of money. One can invest by buying a prize bond and then getting a prize depending on your luck after some period of time. The prize is determined by a lucky draw. For e.g: A person buys a prize bond worth Rs. 1500. After sometime, there will be a lucky draw and depending on your luck, you can win the first prize, second prize, third prize or nothing.
I have read in many articles that the govt. accumulates the interest payable on each person's prize bond, consitutes it in a join pool and then gives the money to the person who wins it through a lucky draw.
Just wanted to know whether checking it whether a person has won or not is also wrong or not as in my case, my father asks me to check the prize bond for him. Is it also a sin for me to check the bonds, whether my father has won or not through the internet/computer.
My father says that the "Islamic Republic of Pakistan"(the country in which i live) has issued the prize bonds so the sin will go to them.Although i myself know that we ourselves have to refrain from what is wrong even if the govt. does something unlawful. I want to benefit myself from your opinion!
Not to forget that our investment is safe in this case and i have read that when your investment is safe, is it not considered as gambling.. Am i speaking correct?
Any help would be highly appreciated. Please help me in my case ASAP.