Q: Can I take a pension policy from LIC?
A: Refer to http://muftionline.co.za/node/1377
And Allah Ta’ala (الله تعالى) knows best.
Checked & Approved:
Read these QA to learn more..
- I have invested in Life Insurance Policy for the purpose of saving Taxes. My intention is that I will retain the original amount invested by me and will donate the interest from this Policy. In this situation, is it permissible for me to invest in Life Insurance Policy?
- As ?slam. I am a government teacher. from last few years govt. has finished pensions and Provident Fund schems.as we know that pensions and PF is a mixture of some part of govt. servant?s salary and some part of govt. add and add is given or depends on interest policy.pensions and PF is fully right according to you,(I have read this in a news paper). So my question is that in this situation can a govt. servant open an account of pension or PF in any govt. bank .because after retirement a govt. servant has no option of income and pension and PF is a back bone of govt. servant. Although banks are providing us benefits like govt. policy. so kindly satisfied me to give a clear answer. Apki eham nawazish hogi.duao ka mutamanni- M.Tariq Yameen Chandausi(Moradabad)
- Can you plz let me know that is it jayaz ( allowed /reasonable) in islam make the LIC policy or any other policy in which a policy provider says that you submit this much amount of installment and in case of your sudden demise , the nominee will get a very much hafty amout like of 15 laks or 25 lakhs ,Or your money will be doubled.
- Is Pension Scheme allowed where one choose the policy (Maturity and Funds) of his choice is it Halal? When Government promises the investment will be Riba Free?
- I live in Pakistan. I have two life insurance policies. The investment in one insurance policy goes to shares market so the unit value of the policy fluctuates (there can be gain or loss as well). in the other policy investment goes in inetrest based securities. plz guide should i pay zakat on both these policies. I have prize bonds of reasonable value. Am i required to pay zakat on these. plz guide. thanks
- Company pension scheme where employee and employer have to contibute towards the policy, Is it ok to join?