What is about takaful (Islamic insurance) concept? Is it Halal?
Answer
(Fatwa: 244=339/D)
It is allowed to take guarantee of ones wealth and life. There is an entire chapter of Kifalah in Islamic Fiqh books. As far as Takaful (Islamic Insurance) is concerned what are its features and other conditions? Please, explain the nature of this concept, then we shall have a say in the matter.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband