Question: Is it permissible to take out critical health insurance? Answer: الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب Conventional insurance is a commutative contract that involves gross uncertainty, contingent return, meysir and riba. Thus, conventional insurance is not permissible and is tolerated only where it is a legal requirement or a real necessity. Critical illness insurance […]
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Zakaah on Defined Benefit pension
Q: What is the ruling on the following Pension: I am part of a defined contribution pension scheme which I have paid into for many years. I am coming up to retirement very soon. With regards to Zakaah, What and when would zakaah be payable on the funds? Would I have to pay Zakaah for every […]
Read more...Purchase of Shared Property
Q: Is it permissible in Islam to purchase a shared property, where you buy 50% of the property and pay rent on the rest and the rent includes building insurance? A: الجواب حامدا ومصليا ومسلما ومنه الصدق والصواب It is permissible to buy a share of of a property and then rent the remaining share from the […]
Read more...Employment overview: Conditions for lawful employment
Employment overview This overview opens by setting out the importance of earning a lawful income and then breaks down the principles that ensure that our earnings are Halal. Finally the overview concludes with the Hanifi view on lawful (halal) job roles involving unlawful (haram) items and / or industries. Why is Halal employment important? Allah […]
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