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insurance

This answer was collected from Askimam.org, which is operated under the supervision of Mufti Ebrahim Desai from South Africa.

A banking software/ insurace software or a gambling software. Instead, they give me projects of harmless businesses lke a pharmaceutical company, an industry, etc. But sometimes, a part of it may contain small part that is related to a forbidden work

Answered by Askimam.org

I want your view about an issue we face in our compure software projects. What happens that my company doesn’t take a projects for me that are solely for a forbidden (Haram) purpose. For example, a banking software/ insurace software or a gambling software. Instead, they give me projects of harmless businesses lke a pharmaceutical… read more »

If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it?

Answered by Askimam.org

If interest and insurance is haraam,then how can one buy a house without paying interest on the bond or paying insurance for it? Answer In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatoh Interest and insurance is indeed haram. The prohibition is expressly mentioned in the Quran and any ahadith. Insurance… read more »

Should Muslims buy these products from me and will Muslims buy these halal / sharia compliant products even though I am not a Muslim?

Answered by Askimam.org

I am a non-Muslim but have an interest in Islam. I am thinking about opening a company to sell financial products (such as mortgages, insurance etc). These products would be halal / sharia compliant. They would be from Islamic Banks. My question is this – Should Muslims buy these products from me and will Muslims… read more »

Is the commission that one earns from selling life insurance policies, retirement annuities, etc. considered haraam?

Answered by Askimam.org

Assalaam mu alaikum Is the commission that one earns from selling life insurance policies, retirement annuities, etc. considered haraam? Is it permissible for one to work for an insurance consultant as an adminstrator/secretary considering that the main source of income from this business is through commission from promoting and selling such products? Jazak Allah Answer In the… read more »

I would like to know if working for a short term insurance company haraam.I dont sell insurance but work on existing policies dealing with cars and homes?

Answered by Askimam.org

 i would like to know if working for a short term insurance company haraam.I dont sell insurance but work on existing policies dealing with cars and homes? Answer In the name of Allah, Most Gracious, Most Merciful Assalaamu `alaykum waRahmatullahi Wabarakatoh It is not permissible to work for an insurance company. Conventional insurance have elements… read more »

Does Islam allow life insurance? Is Vehicle or Properity Insurance Halal in Islam?…Some People in my town work as agents to send people abroad on fake documents. They take money from the customer and make fake documents of him and presents the same to embassy.

Answered by Askimam.org

1. Does Islam allow life insurance?  Is Vehicle or Properity Insurance Halal in Islam? If one is invovled in above mentioned acts un intentionaly, what is kafara ? 2. Some People in my town  work as agents to send people abroad on fake documents.  They take money from the customer and make fake documents of… read more »

I have a policy for the duration of 10 years, a montly debit order is put into this policy…my question is concerning zakaat on this amount, will i have to pay yearly on what ever that amount is at the time when zakaat is due or can i pay after the 10 years are up?

Answered by Askimam.org

I have a policy for the duration of 10 years, a montly debit order is put into this policy, only after 10 years i will be able to access this money, my question is concerning zakaat on this amount, will i have to pay yearly on what ever that amount is at the time when… read more »

Many of my friends advice me to insure my car. here in my city the traffic is quite mismanaged and the traffic rules are easily broken. Considering this situation can I insurance of my car?

Answered by Askimam.org

I live in Lahore, Pakistan. I have just bought a car. Now many of my friends advice me to insure my car. here in my city the traffic is quite mismanaged and the traffic rules are easily broken. Considering this situation can I insurance of  my car? The insurance companies ask for 5 to 6%… read more »

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