My father had purchased Behbood Saving Certificates, Special Saving Certificates and Prize Bond on different occasions in his life. Profit and rewards from bonds are also being received by means of these certificates which are then being reinvested. We would like to know about the amount that is being reinvested. We want to know the ruling of the capital and the profit/rewards as per Shari’ah, in such a circumstance. Keep in mind that my father has already passed away so this amount will be distributed among the inheritors. If we have to give charity to purify this amount, then who should we give it to?
Whatever be the price of the Behbood Saving Certificates, Special Saving Certificates and Prize bonds purchased by the questioner’s father, it is permissible to receive only that amount, and it will then be distributed between his inheritors according to their portion prescribed for them by the Shari’ah. However, other than this capital, it is better to give the amount received as profit/reward to anyone who is eligible for Zakat without the intention of attaining rewards instead of making use of these amounts. If the inheritors are themselves eligible for Zakat, then they can make use of it.
And Allah knows best.