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Tag Archives: life insurance

Is it Permissible to take Life Insurance where the Employee Doesn̵...

June 23 Trade, Business & All Things Money [412]
Fatwa ID: 03880 Answered by: Maulana Nabil Khan   Question If an employer is offering life insurance where the employee doesn't contribute anything, would that be okay to opt-in?   بِسْمِ اللهِ الرَّحْمنِ ا...

Why is Interest in Mortgages and Life Insurance Haram?

June 9 Trade, Business & All Things Money [412]
Fatwa ID: 03809 Answered by: Maulana Irfan Ali   Question Why is life insurance Haram? Why is interest in mortgages Haram even though you pay less for the house you bought over time? Meaning your house will be worth...

Is Life Insurance Allowed?

April 10 Trade, Business & All Things Money [412]
Fatwa ID: 03515 Answered by: Maulana Belaal Ahmed   Question Assalamu alaikum My question is about life insurance. For a twenty years term, if a monthly amount is paid to a company (say, $100 each month) and said th...

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