Is The Lifetime ISA Shariah Compliant?
In the Name of Allah, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
As long as the Lifetime ISA account does not accrue interest or is invested in Shariah compliant shares, the ISA will be compliant. If the ISA accrues interest or is invested in non-Shariah compliant shares, the ISA will not be compliant.
The 25% government bonus is permissible to receive.
The Fiqh (jurisprudence of the answer):
The government bonus is in the ruling of a conditional gift and lawful upon receipt.
And Allah Ta’ālā Alone Knows Best
Mufti Faraz Adam al-Mahmudi,
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