Banking: Obligation of Banks to Inform Customers About Prize Draw Wins

Practical Laws of Islam as per the teachings of Imam Khamenei

Banking: Obligation of Banks to Inform Customers About Prize Draw Wins

English:

Question #1922:

Is it obligatory on the banks to notify the account holders of the prizes they won by lot?

Answer #1922:

This should follow the procedure applied by the bank, in that should the payment of the prizes to the rightful owners be dependent on the notification of the bank, such notification becomes obligatory.

-Imam Khamenei, Practical Laws of Islam, Importance and Conditions of Banking