life insurance

Q: Is life insurance allowed in Islam?

Q: I have taken out life cover to pay for estate duty and capital gains tax in my estate when I pass. I have been advised if the intention is to safeguard my wealth and my family from hardship this is permissible. please advise.

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.

Q: Old Mutual life insurance investment funds.

1. If the family gets paid out from such an investment, will it be permissible for them to use that money?

2. If not, can it be given to a family member legible for zakaat or to pay Sars, fines etc.

Q: I want to know about insurance. I live in Europe and majority of Muslims have life insurance. For example, if they die then the company will pay to transfer the body to their country. Is this a sin?

Q: Can a Muslim use death insurance money and what can it be used for? For example if someone gives me that money, what can I do with it?

Q: I want to pursue general insurance course and work in Muslim countries like Saudi Arab, Dubai, Oman, Kuwait. Is it Halal to pursue and work in insurance co, in Muslims countries? I don't pursue Life insurance because I know it is haraam. I want to know about general insurance because there is many insurance companies in Arab countries owned and operating by Arab Muslims. If it is haraam then how is it allowed in Arab countries?

Q: Here, in South Africa, when a person passes away, he has to pay 20% estate duty of his total estate to the government. Many a time, this amount runs into millions and is an extremely exorbitant amount to pay. I was recently advised by a colleague to take out life insurance so that upon my death, the policy payout will cover the estate duty. Please advise if doing this will be permissible.

Q: What kind of thing is life insurance?

Q: I just wanted to know if one can take out life insurance policy? Also if one can take out funeral insurance policy where the family is covered in case of death for funeral expenses?