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Answers with Tag: insurance

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

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

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

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

Conditions for Trading in Stock

Pension Scheme

Payment from Insurance to Fix Car

Insurance Coverage on Consumer Items

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]

Using Employer Sponsored Health Insurance Plan Benefits

Eating At a Bank Employee’s Home

Atlanta Interest Free Investment Fund for House Purchase

Sub-Leasing, Insurance Premiums for Al-Manzil

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?

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