Prize Bonds And Insurance
What about prize bond? Does it contain the element of Gambling, if yes, then how?
“Gambling, on the other hand, is a game of pure chance in which a person aims to devour another person’s wealth which he is not morally entitled to.” How does the above criteria be adjusted in the Prize Bonds money?
But the principal (Bond Face Value) is protected means there is no loss of other parties unlike in Gambling in which second party faces the loss.