The National Bank of Oman pictured in Muscat on September 11, 2011. Sultan Alhasani / Reuters
The National Bank of Oman pictured in Muscat on September 11, 2011. Sultan Alhasani / Reuters

Oman imam returns Dh2.4m won in bank raffle, citing Sharia



MUSCAT // The imam of an Omani mosque has returned a 250,000 rial (Dh2.4 million) cash prize from a bank raffle, saying it would be unlawful for him to accept the money under Sharia.

Sheikh Ali Al Ghaithi, 70, who lives in the northern city of Sohar, returned the money on Tuesday after he was notified by the National Bank of Oman over the phone of his “good fortune”.

"They told me I was fortunate but it is not a 'fortune' to win money I have not earned. Islamic laws say I cannot keep such money. So I told my bank to keep it. It is that simple," Mr Al Ghaithi, who has an account with the National Bank of Oman, told The National.

The bank entered all customers with a minimum of 1,000 rials in their account into the annual raffle and Mr Al Ghaithi’s name was drawn at random for the cash prize.

But the imam said he had put money into his bank account to save it and not “to make more money from doing nothing”.

The National Bank of Oman, which is the country’s second biggest in terms of assets, confirmed that Mr Al Ghaithi had returned the money.

“We always respect the wishes of our customers,” a spokesman for the bank said. “This is not the first time a customer wins a raffle draw and returns the money to us.”

Last year, another customer won 100,000 rials in the annual raffle and opted not to take it on religious grounds, the spokesman added.

Many Muslims consider such raffles to be the same as lotteries, which are prohibited under Sharia.

But some religious experts say a bank customer could give the prize money away as charity.

"You can accept such money and donate it to poor people. It is completely permissible in Sharia law," Sheikh Rashid Al Khanjari, an imam in Barkah, a town north of Muscat, told The National.

However, another school of thought among experts of Islamic law disputes that, stating that money won in lotteries cannot be accepted or given away.

“It is tainted money,” said Sheikh Abdulrahman Al Kindi, an imam at a mosque in the Seeb area of Muscat.

“You have not worked for it. It is not yours to give it away. It is forbidden even to donate it as charity. Just return it and that’s it.”

foreign.desk@thenational.ae

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Directors: Raj & DK

Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon

Rating: 4/5

The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

Power 280hp @ 6,200rpm

Torque 360Nm @ 2,750rpm

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Director: Alfonso Cuaron 

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Rating: 4/5

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Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.

Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.

The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.

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Director: Mahdi Fleifel

Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa

Rating: 4.5/5

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Date started: June 2016
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Sector: Travel Tech
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Funding: $350,000 (Dh1.3 million)
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COMPANY PROFILE
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Based: Dubai
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
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FIXTURES

All times UAE ( 4 GMT)

Friday
Saint-Etienne v Montpellier (10.45pm)

Saturday
Monaco v Caen (7pm)
Amiens v Bordeaux (10pm)
Angers v Toulouse (10pm)
Metz v Dijon (10pm)
Nantes v Guingamp (10pm)
Rennes v Lille (10pm)

Sunday
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Troyes v Lyon (7pm)
Marseille v Paris Saint-Germain (11pm)

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Ain Issa camp:
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Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
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How England have scored their set-piece goals in Russia

Three Penalties

v Panama, Group Stage (Harry Kane)

v Panama, Group Stage (Kane)

v Colombia, Last 16 (Kane)

Four Corners

v Tunisia, Group Stage (Kane, via John Stones header, from Ashley Young corner)

v Tunisia, Group Stage (Kane, via Harry Maguire header, from Kieran Trippier corner)

v Panama, Group Stage (Stones, header, from Trippier corner)

v Sweden, Quarter-Final (Maguire, header, from Young corner)

One Free-Kick

v Panama, Group Stage (Stones, via Jordan Henderson, Kane header, and Raheem Sterling, from Tripper free-kick)

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

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Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
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Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners