insurance Archives - IslamQA

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.

Third party insurance

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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 »

Earnings of an insurance broker

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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 »

Disability insurance

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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 »

Claiming from the UIF Fund

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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 »

Claiming from insurance company

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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 »