Q: Is it permissible to take out life policies with the only intention that the payouts will be used to pay estate taxes?
A: No.
And Allah Ta’ala (الله تعالى) knows best.
Answered by:
Mufti Ebrahim Salejee (Isipingo Beach)
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Taking out life policies to pay estate taxes with the payouts
Answered as per Hanafi Fiqh by Muftionline.co.za
Scholar:
Shaykh Ebrahim Salejee
Short Link: https://islamqa.org/?p=129654
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This answer was collected from MuftiOnline.co.za, where the questions have been answered by Mufti Zakaria Makada (Hafizahullah), who is currently a senior lecturer in the science of Hadith and Fiqh at Madrasah Ta’leemuddeen, Isipingo Beach, South Africa.
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