Actually i was a born muslim but not a practicing one .and now alhamduallah i am trying to become as better as possible what is happend is that now i find my self in a lot of bad habits and way of life some of them i got rid by the grace of Allah like i was working in a bank for credit card sales i left the job i was working in UAE but now when i came to pakistan i found that my uncle had purched some bonds wich give annual percentage return wich is haram ,actually the money he purched it was of my dad;s graduatty wich his comapny gave him when he passed away 1 year ago (may Allah grand him janah)
So what technique i can take to make my uncle understand that he should take back the money from the saving center and my uncle is also a practicing muslim wich makes a job a bit easier rite

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Why is it haram? do they give a fixed rate of profits?
Is that money yours? If so, ask your uncle to put the money in an Islamic bank, or better invest it in Islamic mutual funds.

All the info. is here you can't post links until you reach 50 posts_www.savings.gov.pk/DSC.HTM

and yes the money is ours

Assalamu Alaikum, brother rameez butt, you cannot post links until you have 50 posts, I would not advice you to post a link to your personal information here or on any other forum.

From what I know there are many Islamic Banks in Pakistan that give yearly profit on money invested. I am not really a financial person, but I do know my relatives who live there who have invested money and get yearly profit for it, it is not a fixed percentage but differs each year.

You could always check with your Uncle to make sure, and since you say he is relegious, than he has probably considered all the factors, but if it is in fact Haram then it should'nt be hard for you to convince him to move it to a Halal investment.

Assalamu alaikum.

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The link you gave above (Defence Savings Certificates) shows that they give predetermined profit rates over a period of 10 years. The majority of scholars call that riba, and so it is haram to invest with them. I think you must convince your uncle to invest the money in an Islamic bank, where the rate is not fixed or predetermined, but rather calculated at the end of the fiscal year, according to actual profits or losses. Or invest the money in Islamic mutual funds which would probably give you higher profits too. Whatever you decide, Muslims should avoid all banks that give fixed profit rates. And Allah (IMG:style_emoticons/default/sw.gif) knows best.

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