Find answers to your Islamic questions 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.
Q: A person wishes to take out third-party insurance. He claims that this form of insurance is permissible because the insurance company will not pay him anything in the event of an accident but will rather pay out the third party. Is third party insurance permissible? A: All forms of insurance are haraam due to the elements… read more »
Q: My father works in an insurance company which is being run by Muslims and follows Muslim laws. He himself is an insurance agent who does insurance of different people and the more people participate, the more commission he gets. I want to know whether the money he earns is considered halal? Because the insurance… read more »
Q: Is an income benefit/provider insurance policy allowed whereby one will receive an income if disabled and cannot work. At the age of retirement the policy will lapse with no benefit. A: All forms of insurance are haraam and impermissible, since they contain the elements of interest and gambling. And Allah Ta’ala (الله تعالى) knows… read more »
Q: I’m in a bit of a tricky situation. My dad has paid for my insurance (in UK where insurance is compulsory) which has been reduced because I have completed a driving scheme (pass plus) according to him. However, I haven’t completed it according to the rules. Thus can I still drive the car as… read more »
Q: Is it permissible for an employee to claim from the UIF Fund or is it like an insurance plan? Kindly explain the status of this fund. A: If it is a government fund, it is permissible to claim. And Allah Ta’ala (الله تعالى) knows best. Answered by: Mufti Zakaria Makada Checked & Approved: Mufti Ebrahim… read more »
Q: 1. Are all forms of insurance haraam in the west? If a person doesn’t have car insurance in a western country and they have an accident, they have to pay $10,000 to cover the costs of not only their own vehicle but the other vehicle if it is their fault? Where can a Muslim… read more »
Q: I had an accident and in a claim I received some money from the insurance company of the other party and there is some amount of injury as well but I didn’t get any injury. I just wanted to now whether I can use that money or not. If no, can I give that to… read more »
Q: The situation is as follows: A person crashed a car of the owner by hitting a railing. The owners insurance was cancelled. The person drove off as no police report was needed. The owner of the car is saying you can either pay $1000 for the car and keep it or pay for the… read more »
Q: I got a NRI bank account which is a savings account and every quarterly I receive some interest from the bank. Is it permissible for me to use this interest amount in purchasing car insurance or any other insurance like medical, home insurance, etc.? A: Give the interest money acquired through the bank in… read more »
Q: Are we as transporters permitted to take insurance to cover goods in transit? A: No, it is not permissible. And Allah Ta’ala (الله تعالى) knows best. Answered by: Mufti Zakaria Makada Checked & Approved: Mufti Ebrahim Salejee (Isipingo Beach) Source