Massallah pertaining to using money for prizes

Question ID: 24229
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Asalamu alaykum mufti
I am organizing a soccer tournament for the youngsters.
And the the cost to enter is R500 per team.Is it permissible for me to.Take out some money from the entrance fee for prize money.The reason we are putting a price money is to encourage youngsters to joinIF this is not permissible what do u suggest I do for a prize to encourage youngsters to join.Will u plz email me the answer ASAP I need to start preparing for the tournament.Yours faithfully
M.S.Jada

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Asked on March 9, 2011 9:26 pm
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Private answer

Permissible, Makrooh.

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Answered on March 9, 2011 9:26 pm