Halal Investments & Prize Schemes - Dr Israr Ahmad

Dr. Israr Ahmad discusses the permissibility of investing in shares and the Islamic viewpoint on prize schemes. He clarifies that while owning shares in a lawful business is permissible, speculation and gambling within share trading are prohibited. Similarly, prize schemes that resemble gambling, even without additional cost, should be avoided as they promote a lottery-like mentality and are thus impermissible. The core principle is to focus on the legitimate value of the product or service being promoted, rather than the chance of winning an extra reward.

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