Q: I understand that with car insurance claims, one should only recoup a sum equivalent to the total paid to a particular company to date, and any excess received beyond this sum be ‘repaid’ through future premiums to that same company. In both cases (historical payments and futures insurance cover), can one include the value […]
Read more...Category: Insurance Fatawa
Is comprehensive car insurance permitted or should third party insurance only be taken?
Q: Is comprehensive car insurance permitted or should third party insurance only be taken? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: In the case that only conventional insurance is available, if the requirements of the law are met by third party only insurance and this incurs less cost in payable premiums than […]
Read more...What is the ruling on life insurance?
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: […]
Read more...Is it permissible to purchase car insurance in instalments?
Q: Is it permissible to purchase car insurance in installments due to necessity when one cannot afford a one off payment. installments also have an added interest charge per month. For example: a one off payment will cost 1000 pounds and in 12 installments it’ll cost 1200 pounds. As insurance contains elements of interest could […]
Read more...Can I take medical insurance as part of my salary package?
Q: Can I take medical insurance as part of my salary package? If an employer gives you a choice between taking some extra cash other than salary or get medical benefits, and one knows that medical benefits / insurance is more beneficial to him in terms of his expenses, and therefore he chooses to get […]
Read more...If a Muslim needs to claim on their car insurance policy, can they benefit from the entire amount of money?
Q: If a Muslim needs to claim on their car insurance policy, can they benefit from the entire amount of money, or only that amount which equals premiums paid to date? الجواب حامدًا و مصليًا و منه الصدق و الصواب A: The premiums paid under conventional insurance are paid through an irregular contract according to […]
Read more...Should one opt for third party or fully comprehensive insurance cover if third party is more expensive as is the case in many situations?
Q: Should one opt for third party or fully comprehensive insurance cover if third party is more expensive as is the case in many situations? الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: You should opt for the cheapest quote irrespective of the level of cover as the purpose is to fulfill a […]
Read more...Can a pharmacist take out extra insurance due to extreme circumstances?
Q: Can a pharmacist take out extra insurance due to extreme circumstances? I know that insurance is only permissible in extreme cases. Would it be permissible for a Pharmacist to take out insurance which will protect her in case she was to get sued by a customer? The insurance is not necessary but if someone […]
Read more...Can I insure my business?
Q: I’m in the process of opening an Internet pharmacy and just needed clarification on which types of insurance would be permissible Employers liability. This is a legal requirement when employing staff and is to cover them in case of personal injury etc at work. If there was to be an incident then the potential […]
Read more...Is it permissible to take out warranties on car repairs?
Q: Is it permissible to take out warranties on car repairs and parts, and to what extent? There is a scheme available, for £100 a year, where if any problems with the car, the policy covers both labour and parts. الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب A: Such warranties are a form […]
Read more...Is Gym Membership Allowed?
Q: To my understanding, Breakdown Cover is not allowed due to gharar. Does the same principle apply to gym membership, in that I am paying a monthly fee when the usage of the service is not known, I may use the gym every day or I may not use it at all but at the end […]
Read more...What is the ruling on the permissibility of conventional travel insurance products?
Q: What is the ruling on the permissibility of conventional travel insurance products? My particular concern focuses on the potential for significant medical expenses incurred outside your country of residence, where such facilities are unlikely to be free for non-residents. Are there any halal/takaful travel insurance products available? الجواب حامدًا و مصليًا و منه […]
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