Find authentic Islamic Answers from over 69,000 questions. You can narrow down your search from Hanafi, Shafi'i, Maliki, and Hanbali schools of law. This answer was collected from the official website of Darul Uloom Deoband Waqf. The institution is based in India and the answers are provided in accordance to the Hanafi Fiqh.
Is life insurance allow in islam? Answer: Ref. No. 41/950 In the name of Allah the most Gracious the most Merciful The answer to your question is as follows: Interest and all interest based dealings are strongly forbidden in Islam. The Qur’an and Ahadith are very clear on the prohibition of interest. The Holy Quran… read more »
Ref. No. 817 Assalamualaikum, we (muslim) treat zamzam as a sacred water, similarly hindus treat cow urine as a sacred thing and drink it. We (muslims) are getting every food items like oil, soap, butter, water, medicines, flour, pulses, fruits, food items etc from companies owned by hindus, as muslims do not have any company,… read more »
Q. I am working for a company and the company I work for has taken out an insurance policy for me. They are paying for it and I am not paying for it at all. Will the payout be permissible for my beneficiaries? Will it be Halaal? A. In the enquired case, it will be… read more »
Is insurance of car and house haraam? Answer: Ref. No. 41/1020 In the name of Allah the most gracious the most merciful The answer to your question is follows: Insurance is based on interest and gambling which are Haram in Islam. Therefore, in normal condition, it is not allowed to get the car and house… read more »
Ref. No. 1295 Is it not compulsory for an Islamic expert to understand current situation and current knowledge in order to give their opinion (Fatwa) regarding these issues like Banking, Insurance, Alcohol, Business, Loan, Education, Science, Health, Photography, Videography, Internet, Computer etc ? Like for example alcohol is used as an disinfectant in hospitals and… read more »
Ref. No. 37 / 1036 My company has also enrolled all the employees for medical insurance which covers hospitalization charges for me and my family members including my parents. Since i am working for the company and my work does not involves any interest work, it is just a customer support call center. In this… read more »
Question: Asalaamualaikum wa rehmatullahi wa barakaatuhu. What the ways permissible in islam in which a person can invest his money. i mean interest is not permissible in islam n hence a person cannot keep his money in bank neither can he invest in life insurance policies. a person cannot keep large amount of money with… read more »
Q. I would like to know if selling auto insurance is haram or is it ok for us to do? A. All types of conventional insurances are considered to be unlawful by the scholars and auto insurance will fall into this. Due to the fact that having an auto insurance is a requirement in accordance… read more »
Q. Is the benefits or payments from claims of the National Insurance scheme, such as: Loss of employment allowances Loss of revenue due to illness payments Monthly pension Death benefits – $4000.00 (which is given to the next of kin/family when a person who is a pensioner or contributor to this scheme has died.) Maternity… read more »
Question: Is Life Insurance permissible in Islam? Answer: Life insurance like other forms of insurance is not permissible in Islam. Insurance is a mixture of Riba (interest), gambling and risk. It is also opposed to the Islamic law of Inheritance. Whatever the insurance companies give to the policy holders under the name of bonus, returns… read more »