Conventional Insurance, Medical Aid, Hospital Plan and Takaaful
Q:
1. I purchased a business and wish to insure it. What is the Shar‘ee ruling regarding insuring one’s business? Similarly, please explain the law of insuring one's vehicle.
2. Could you also explain to me the Shar'ee ruling regarding medical aid and hospital plan?
3. Is Takaaful insurance permissible? I was informed that this is an Islamic insurance and is therefore permissible.