insurance

Q: A Muslim business has already taken out insurance on their fleet of vehicles.

Is it permissible for a Muslim to do the accounting records and related calculations for this insurance which they have already been taken out? For example, he will have to calculate the total insurance premium for all the vehicles, cross-check and ensure that the insurance records are correct, etc. The Muslim will be working for the business itself and will be in no way related to the insurance company.

Q: I will like to know if it is permissible to invest money in an insurance company and the money I invested will be paid back to me double the amount that I invested with them. For example, I invested 4 million and get back 8 million in 7 years.

Q: I want to know and clear a doubt whether working in an insurance company which is not related to a bank, is halal or haram? 

Q: A person bought a commercial property for R10 million, and the replacement value is approximately R15 million. The current tenants will not sign a new lease unless building and third-party liability insurance for workers is covered. In this case, can the owner of the property take out an insurance policy?

Q: A friend of mine has his own business as an insurance broker. I am in the motor industry. If clients require insurance for their vehicles, I forward their information to him. He provides them with insurance and pays me R1000 commission for every client that accepts insurance. I would like to know if I could use that money.

Q: Does Islam allow us to take out marriage and education insurance policy for our childrens future?

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.

Q: Kindly tell me if insurance is permissble in Islaam.

Q: What is the ruling, and your view regarding working for a software company that engineers software when many of the companies clients (over 66%) are insurance companies.

Q: It has come to my attention that my father pays home and car insurance. Is it permissible to make use of a car that insurance is been paid on? e.g. to use the car to go for Salaah, to do necessary shopping etc. Is it permissible to live in a house that insurance is been paid for?