{"id":6722,"date":"2024-07-10T07:43:53","date_gmt":"2024-07-10T07:43:53","guid":{"rendered":"https:\/\/al-mawrid.org\/questions-en\/2024\/07\/10\/saving-certificates-and-riba\/"},"modified":"2025-11-16T21:49:30","modified_gmt":"2025-11-16T16:49:30","slug":"saving-certificates-and-riba","status":"publish","type":"post","link":"https:\/\/al-mawrid.org\/questions-en\/saving-certificates-and-riba\/","title":{"rendered":"Saving Certificates And Riba"},"content":{"rendered":"<h3>Question<\/h3>\n<p>Would saving certificate schemes be considered as <em>Riba<\/em> (interest)?<\/p>\n<h3>Answer<\/h3>\n<p>Our  teacher, Mr Javed Ahmad Ghamidi, is of the opinion that if the  Pakistani government offers financial help to its old citizens on the  basis of a scheme, it is okay because it is its obligation to do so. If  the government is indulging in riba-based arrangement in doing so, it is  not the responsibility of the individual.<\/p>\n<p>My  humble opinion is that insofar as simple pension is concerned, the  principle is fine. However, if the government is offering its old  citizens fixed returns on the basis of an investment, it is <em>riba<\/em> and should be avoided except in case when the individual is in real difficulty, which many pensioners are in. <\/p>\n<p><strong>Answered by:<\/strong> Dr. Khalid Zaheer<\/p>\n<p><strong>Date:<\/strong> 2015-02-21<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"6722\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorite <i class=\"sf-icon-star-empty\"><\/i><\/button>","protected":false},"excerpt":{"rendered":"<p>Would saving certificate schemes be considered as <em>Riba<\/em> (interest)?<\/p>\n","protected":false},"author":7,"featured_media":14147,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1169],"tags":[1212,1533,2541],"class_list":["post-6722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-issues","tag-interest","tag-riba","tag-saving-certificates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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