{"id":21789,"date":"2021-07-04T15:41:44","date_gmt":"2021-07-04T15:41:44","guid":{"rendered":"http:\/\/daruliftabirmingham.co.uk\/?p=21789"},"modified":"2021-07-04T15:42:48","modified_gmt":"2021-07-04T15:42:48","slug":"what-to-do-with-extra-insurance-money","status":"publish","type":"post","link":"http:\/\/daruliftabirmingham.co.uk\/home\/what-to-do-with-extra-insurance-money\/","title":{"rendered":"What To Do With Extra Insurance Money"},"content":{"rendered":"<p style=\"text-align: right;\"><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>Fatwa ID: 05372<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>Answered by: Mufti Mujahid Hussain<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong><u>Question<\/u><\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">If anyone takes an insurance policy and at the end of the term if he gets an extra amount than paid to a company then:<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><a href=\"http:\/\/1.is\/\">1.Is<\/a> it called interest<\/span><br \/>\n<span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><a href=\"http:\/\/2.is\/\">2. Is<\/a> it permissible to use the extra amount for the construction of the masjid<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>In the name of Allah, the Most Beneficent, the Most Merciful.<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\"><strong>Answer<\/strong><\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">As for the first part of your question, yes it would be called interest. However one must bear the following in mind:<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">If the claim is linked to a third party and a person is claiming from the third party\u2019s insurance company what is rightful due, that would permissible and the extra amount will not be deemed interest.<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">If a person has been insured with the same company for more than a year, he or she should calculate the amount paid to the company from the first year. For example, Zaid has been insured for five years. He has paid \u00a31000 a year for his insurance policy. After the fifth year, he makes a successful claim of \u00a33000. As he has paid \u00a35000 in total, he is fully entitled to the \u00a33000.<\/span><\/li>\n<li><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">If a person is certain he will take out further insurance policies from the same company in the following year or years to come, he may keep hold of the extra amount with him and use it as payment for future policies. For example,\u00a0 if\u00a0 Bakr has been with an insurance provider for two years, paying \u00a31000 a year. Then he receives \u00a33000 from the insurance provider. Now if he is certain that he will take out an insurance policy from the same company next year, he may save the amount and use it as payment for the following year. If he decides not to take out insurance with the same company then he may donate the money to charity.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">As for the second part of your question,\u00a0 No, it is not recommended to use the amount for the construction of a Masjid. The reason for this is Allah (s.w.t) tells us in the Holy Quran that a masjid should be built upon piety. Using pure Halal money for the construction of a Masjid is part of building a Masjid upon piety.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Allah (s.w.t)\u00a0 says<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">\u0644\u064e\u0645\u064e\u0633\u0652\u062c\u0650\u062f\u064c \u0623\u064f\u0633\u0651\u0650\u0633\u064e \u0639\u064e\u0644\u064e\u0649 \u0627\u0644\u062a\u0651\u064e\u0642\u0652\u0648\u064e\u0649\u0670 \u0645\u0650\u0646\u0652 \u0623\u064e\u0648\u0651\u064e\u0644\u0650 \u064a\u064e\u0648\u0652\u0645\u064d \u0623\u064e\u062d\u064e\u0642\u0651\u064f \u0623\u064e\u0646\u0652 \u062a\u064e\u0642\u064f\u0648\u0645\u064e \u0641\u0650\u064a\u0647\u0650<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Verily, the mosque whose foundation was laid from the first day on piety is more worthy that you stand therein (to pray)[Surat At-Tawbah 108]<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Only Allah knows best.<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Written by Mufti Mujahid Hussain<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Checked and approved by Mufti Mohammed Tosir Miah<\/span><\/p>\n<p><span style=\"font-family: verdana, geneva, sans-serif; font-size: 12pt;\">Darul Ifta Birmingham<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fatwa ID: 05372 &nbsp; Answered by: Mufti Mujahid Hussain &nbsp; Question &nbsp; If anyone takes an insurance policy and at the end of the term&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/21789"}],"collection":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/comments?post=21789"}],"version-history":[{"count":2,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/21789\/revisions"}],"predecessor-version":[{"id":22138,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/posts\/21789\/revisions\/22138"}],"wp:attachment":[{"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/media?parent=21789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/categories?post=21789"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/daruliftabirmingham.co.uk\/home\/wp-json\/wp\/v2\/tags?post=21789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}