Answered according to Hanafi Fiqh by Muftionline.co.za

Q: EFU is offering takaful insurance. Kindly let us know is it Haraam or halaal as we are very confused about the takaful policy.


A: We have studied the takaful and we have not found any difference between takaful and conventional insurance besides the replacing of words.

And Allah Ta’ala (الله تعالى) knows best.


Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)