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What is the ruling on taking the return from a non-withdrawable gift, automatically invested by a bot on Telegram that operates through usurious investment?

1 min readAlso available in العربية

The aforementioned program is an interest-bearing investment, and participation in it is forbidden by Islamic law. The amount paid into it is considered an interest-bearing loan, because it cannot be withdrawn and is exploited to attract participants. The Islamic Fiqh Academy has stipulated that the intermediary's condition that trade must be conducted through him leads to combining a loan and a compensation, which is equivalent to combining a sale and a loan, which is forbidden by Islamic law. Every loan that brings benefit is considered forbidden usury (riba). Whoever acquires money from this program, it is ill-gotten gain that must be disposed of by giving it to the poor and needy. A poor person in need is permitted to benefit from it to the extent of their necessity.

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Source platform
Ftawy
Original fatwa ID
174581
Imported
Translation status
Source text, unreviewed
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