insurance

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Is it halal for a Muslim manager to oversee operations involving financing and insurance schemes?

Darulifta-Deoband.comRead

How can life insurance money of Rs 2,15,000 be spent, where the premium was only Rs 1,00,000?

Darulifta-Deoband.comRead

Can interest money be used for constructing toilets and bathrooms in mosques?

Darulifta-Deoband.comRead

Is it permissible to buy on loan, invest in halal, save tax, have medical insurance, and maintain 1st party insurance?

Darulifta-Deoband.comRead

Is it permissible to work in this company and receive halal earnings?

Darulifta-Deoband.comRead

Is it permissible to work as a computer operator for an insurance company?

Darulifta-Deoband.comRead

Conditions for Trading in Stock

Shaykh Ebrahim DesaiRead

Pension Scheme

Shaykh Ebrahim DesaiRead

Payment from Insurance to Fix Car

Shaykh Ebrahim DesaiRead

Insurance Coverage on Consumer Items

Shaykh Ebrahim DesaiRead

These questions came to light after discussing them with ulema, who advise me to put forward these questions to Mufti Taqi Usmani sahib and inform them of the view of our beloved Mufti Sahib.1. In England to have car insurance is compulsory. Talking to ulema, they state that third party only is allowed. However discussing this with my friend, who is also an aalim, we wanted to know what if full comprehensive insurance is cheaper than third party insurance e.g. full comprehensive was £600.00 and third party was £1000.00, which happens sometimes. So even in this case would one have to buy third party Insurance or not? 2. When a person has an accident with another car, the insurance company of the other car owner pays a person out fully. The money that they pay is the market value of the car and not the actual value. For example I recently had an accident, the insurance company of the other person paid me out £2100.00 whereas I bought my car for the price of £1600.00. So would the extra money received in this case be jaa’iz (permissible) or haraam? Also I have heard that you cannot claim more than the amount you have paid to the insurance company. In case if the other person is not insured then my own company will pay me out. Would this money also be jaaiz? [Sajid Khan]

Shaykh Taqi UsmaniRead

Using Employer Sponsored Health Insurance Plan Benefits

Shaykh Ebrahim DesaiRead

Eating At a Bank Employee’s Home

Shaykh Taqi UsmaniRead

Atlanta Interest Free Investment Fund for House Purchase

Shaykh Taqi UsmaniRead

Sub-Leasing, Insurance Premiums for Al-Manzil

Shaykh Taqi UsmaniRead

I have been offered a position as an insurance agent selling auto insurance which is mandatory in Toronto, Canada. I only provide a quote for coverage but it is not binding. The insurance company does the binding/transaction. Will this be a halal option for me?

Shaykh Shafiq JakhuraRead

Share Trading

Shaykh Shafiq JakhuraRead

This is about taking a sub- brokership (also known as Franchiser) in the Share Trading Company.                        In the Sub-Brokership we run a business where the share traders open there accounts and trade (Buy/Sell Shares, Futures, Options) through us. These traders are called Clients. We get a percentage of the brokerage fee as agreed between us and the Share Trading Company. Kindly tell me is this kind of business is permissible in Islam…

Shaykh Shafiq JakhuraRead

Zakat Calculations for Pension Funds

Shaykh Muhammad KadwaRead

Is it permissible for me to seek compensation and be paid from an insurance company?

Shaykh Ebrahim Desai, Shaykh Faraz AdamRead