Q: What is the ruling on life insurance? Does the ruling differ if one truly thinks ‘they need it’, as oppose to seeking financial security. And lastly, is it OK for them to take it if they have found an edict espousing a view holding it as permissible? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: […]
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Is it permissible for my mother to use my father’s life insurance payout?
Q: Is it permissible for my mother to be using my father’s life insurance payout and keeping it? My father took out life insurance in 1987. He did not know it was haram. I think on the policy it says 60% equity and 40 % property. I am not sure how much my father payed […]
Read more...What is the ruling on life insurance?
Q: What is the ruling on life insurance? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: According to the overwhelming majority of Muslim scholars conventional insurance including conventional life insurance, is not permitted. Whilst a minority of scholars have tried to reason for the permissibility of conventional insurance such reasoning has generally been rejected hence […]
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