All of us are attempting to make a little income through investing in electronic wallets or stocks, and Easypaisa Savings Account is one of those that pays out according to our investment plan. The Easypaisa Bachat plan provides its account holders with affordable packages. However, owners of Easypaisa Savings accounts are skeptical about the earning system, how it operates, and who the main stakeholders are.

The primary source of Easypaisa Savings Account income is highlighted as gold, but account users are expected to increase their profit due to recent increases in gold prices in Pakistan, which has left them extremely dissatisfied with the earning model. Thus, it appears that the investments are liable to change and that defaulting on the company poses a risk.

The business offers daily profit based on three subscription models and packages, Easypaisa Savings Account which are as follows:

• SILVER PLAN with an interest rate of seven percent and an investment of 2,000 PKR.
• GOLD PLAN with an interest rate of eight percent and an investment of 5,000 PKR.
• PLATINUM PLAN with an interest rate of nine percent and an investment of 20,000 PKR.

The primary focus of the discussion is the confusion among users regarding the permissible use of money obtained through Easypaisa Savings Account We must examine and verify the various Islamic references in order to respond to this. First of all, as everyone knows, interest (Ribaa) is forbidden in the Islamic faith. In whatever form it may take, from taking out loans to making interest-bearing loans.

Additionally, you may have noticed that telecom providers frequently give their consumers limited internet bundles, free SMS, and free call minutes as a way of saying “thank you.” Have you ever considered how a company could provide its paid subscription products to anybody with a balance, or even without one, for free? The explanation is that the services or bundles that are given away for free come from various interest-based models. For instance, the business offers interest-based loans to its esteemed clients for balances in times of need; you pay back the loan after receiving the loaded balance for additional use.

Dr. Bilal Philips asserts that although ribaa (interest) may appear to increase one’s health, it actually diminishes its benefits. Furthermore, it is forbidden to give someone a portion of your wealth in order to profit from it. Thus, the Easypaisa Savings Account subscription works something like that: we pay them or deposit money from our wealth, and they give us profit according to the interest rate as well as package we have subscribed to.

As of right now, Telenor Microfinance Bank is the one offering up to 10,000 rupee loans. Once you obtain a loan, your will be required to pay back the loan amount plus interest according to the terms of the agreement. With the Gullak slogan and a focused on interests earning rate of nearly thirteen percent, Habib Bank Limited, also known as HBL, is also providing comparable services through its Konnect wallet.

I had made numerous attempts to contact Easypaisa Savings Account merchandise in order to inquire about their earning model, but they had been unable to respond to me in a way that satisfied me. Not too long after, I also used Facebook Live Talk to talk to someone about it. The poor quality of customer service was reflected in their response, which stated that earning is a customer’s reward. Regretfully, that response was insufficient to support the Halal or Haram nature of the rewards. Following that, I did some research on Google as well as YouTube and discovered that, although the financial services chain is fascinating, you cannot depend solely on it if one is prepared to have halal money.

Islamic law prohibits lifting someone under your protection who has given you their wealth, even if you are also profiting from his stock. Because you are only assisting him if he has contributed a portion of the funds. That’s different, though, if you haven’t withheld anything from him and have given them a lift with no making any money. Thus, the Telenor Microfinance the Bank borrows funds from account holders that are under its supervision and divides the profits made from those funds.

In my opinion, I would advise my audience to make cash in a Halal manner. They have to come up with various startups and small business concepts. Furthermore, starting the business only costs 2,000 rupees, though obviously more is preferable. Insha’Allah, if you fully comprehend the product as well as its customers, you people will have an effective reach and revenue. It would be necessary for you to investigate both the products and the kinds of consumers who are willing to pay for them as well.

You can improve your finances with a number of business ideas. You will make more money from it if you put in more effort. However, bear in mind that making an interest-based investment in any Pakistani bank is pointless. Earning interest is equivalent to declaring war on Allah as well as his last messenger, Prophet Muhammad PBUH, in Islam. I would strongly advise investing in startups with viable business models and abiding by the rules of Islamic Shariah law.