Insurance and Medical aid

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: Is life insurance allowed in Islam?

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: 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: In South Africa where government hospitals do not treat patients and private hospital fees are unaffordable, is it permissible to take out a medical aid/hospital plan for health reasons? The medical aid/hospital plan offers the following:

1. Unlimited private hospital cover.

2. Full specialist cover in hospital.

3. Monthly chronic medication.

2) Is it be permissible to take monetary compensation in places where the medical aid/hospital plan is not accepted?

Q: Is takaaful in South Africa permissible?

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.