Earning from takaaful insurance

Submitted by user2 on Wed, 2019-03-06 06:41

Q:

1. Is the earning from takaaful insurance clearly stated as haraam?

2. If such a person invites a friend for a dinner party at his home, will it be halaal for him to consume such type of food?

A:

1. Up to this point we do not find a difference between takaaful and conventional insurance. Just changing words around does not make a haraam into permissible.

2. If he is going to feed the friend mainly from this type of a wealth then the friend should kindly excuse himself.

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

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Ijaarah›Permissible and Impermissible employment›Working for insurance companies

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