It is riba, as the amount is fixed, so it is haram.

My father is a retired man. He has some money which he invested in saving certificates, there is a government organization in Pakistan which takes money from senior citizen invest it somewhere and give their investors a fixed amount of money. Is it usury?

Riba | July 26, 2017 4:24 am
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Being a public servant as teacher, I want to clarify about buying a salary. here in our community, there was my friend he buys a salary of our co-techeater. example, this month of July, a friend of mine asked to buy the salary of our coteacher with a percentage.the question, Is it part of Ribah???
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I teach tution to a student.his father works in a bank. The fee which i takes from student teaching is halal or haram.