What does Shariah say about pension planning with some insurance companies that compensate give you or your family if you face incident or even death and after certain period it will give you a pension like salary for life?.. More
I am a Muslim computer engineer and mostly dealing with software and hardware for a few months I have been involved in a German insurance company. I am dealing with secondary pension planning which after 65 0r 60 years depending to men or women will provide you a pension yearly depending upon how much years before you started to save this money with.. More
One of my friend insists on getting insured by an insurance co. This insurance company is dealing with government on credit (Sood) interest. Give me the legality in Islam of this policy. He is saying that the company is investing this money in real estate. What does Islam say?.. More
My mother has a health insurance benefit through my father's work and he is dead now. She has 250 pounds per month to get her medicines, but her real need is less than this sum, so she is getting other goods from the pharmacy like, shampoo, toothpaste, and other stuff which is not like medicines, and sometimes she buy; me my medicines and stuff for.. More
I am a student who studies in the USA. I have a wife and two daughters. I knew that health insurance is Haram. Can I stay here and continue my education even if I can not afford the expense of medical treatment of my daughters if anything happens to them, or should I try to go back to the Islamic world. .. More
I have a serious issue relating to Group Life Insurance Beneficiary Policy, my company pays, on my behalf, the required amount to Life Insurance and we are required to complete a form stating the required beneficiaries in case of death of an employee during duty hours. Are such policies allowed in Islam? What does the Quran and Hadeeth say about this?.. More
Today most of the organizations provide total medical coverage to the employees. For this, they pay a certain amount (annually) on behalf of each employee to the medical insurance company; they have their contract with. Is it permissible for Muslim employees to avail of such services? As far as I understand, any type of insurance is prohibited in.. More
Dear Shaikh, I work as an insurance broker for a lot of insurance companies and gain my income from the commission that these insurance companies give me in return for selling their insurance policies. 1 - is there any "Shobha" (doubt) in this kind of work ?2 - Can I sell insurance policies to hotels, clients that import "Haram goods", like pork, alcoholic.. More
I would like to ask ABOUT THE INSURANCE ON THE LIFE, fOR EXAMPLE YOU PAY MONTHLY 1000 and WHEN YOU REACH 60 YEARS OLD OR WHEN YOU DIE YOU WILL BE GIVEN 1 MILLION DOLLARS. SO WHAT IS THE HUKUM HERE? JAZAKM ALLAH KAIR.. More
In Canada the employer will deduct a certain percentage from the salary as employment insurance known as EI. If an employee is laid off from work, the government will pay him an amount equal to 65% of his wages. The EI contributions he made by law the government uses in various investment products, both Halal and Haram. The EI benefits one gets is from.. More
In Canada there are two things which are imposed by law, one you have to have a car insurance if you want to drive a car. .. More
What's Islam opinion about insurance? (all kinds).. More
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