IslamQA.org Logo

Using money from policy payouts

Answered according to Hanafi Fiqh by Muftionline.co.za

Q: The policies that were paid out to us after my fathers death included interest. We have worked out the interest amounts and discharged it. Will the money from the policies be permissible for us to use? The amounts of the policy includes only the premium amounts now.

Bismillaah

A: 1. Some ulama have allowed it.

2. Yes.

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

 

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

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.

Find more answers indexed from: Muftionline.co.za
Read more answers with similar topics:

More Answers…

Search
Related QA

Pin It on Pinterest