Published 7 years ago
Last updated 7 years ago
Q: Can I enter into a buy and sell agreement for my share of a business interest and fund this by way of a life policy. My family will not be able to run the business and it needs to be sold. Please advise on the possible solution, my partner will not have the cash to buy my share.
A: Life policies are haraam.
And Allah Ta'ala (الله تعالى) knows best.
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