Benefiting from insurance payouts

Submitted by user2 on Tue, 2018-07-10 08:16

Q: I am working in a shipping company. My company is giving 3 lakhs insurance coverage. I am not paying any money for the insurance. Can I take this money for hospitalisation or other purposes?

A: Insurance is haraam due to the elements of interest and gambling being found in it. If the company is giving you this money as part of your salary and suggesting that you use it for insurance, then since the money belongs to you, you may use it for whatever permissible needs you have.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Zakaria Makada

Checked & Approved:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling›Insurance and Medical aid

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