Are Premium Bonds halal?
Scholars differ. Your money is safe, but the prizes are paid out of the interest on everyone's savings and handed out by lottery.
The views, and who holds them
| Held by | Verdict | Reasoning |
|---|---|---|
| Most scholars | Haram | The prize fund is interest, distributed by chance. |
| Some scholars | Halal | You never risk losing your money, so they do not treat it as gambling. |
Quick answers
- Are Premium Bonds halal?
- Scholars differ. Your money is safe, but the prizes are paid out of the interest on everyone's savings and handed out by lottery.
- Who holds that it is haram?
- Most scholars: The prize fund is interest, distributed by chance.
- Who holds that it is halal?
- Some scholars: You never risk losing your money, so they do not treat it as gambling.
Sources
- Halal or Not? rulebook topic “Premium Bonds”, live answer (checked 28 September 2026)
- Most scholars
- Some scholars
Information, not a fatwa. Where scholars differ, this shows the main views so you can follow the one you already follow or ask a scholar you trust.
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More on money and investing
- Is interest on a savings account halal? Haram
- Is a current account at an ordinary bank halal? Halal
- Are credit cards halal? Scholars differ
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- Is takaful halal? Halal
- Are pensions halal? Depends