Takaful : life insurance

السؤال

Dear Dr. Monzer, As-Salamu Alaykum Wa Rahmatu Allah WaBarakatu. I hope this e-mail finds you in the best of health and Iman. Is it Halal or Haram to do any of the following 4 questions ? 1-Buy (term life insurance) for a period of time. As an example to buy a life insurance for 20 years and pay during these 20 years a yearly SMALL amount of money. If I die during these 20 years, they give beneficiaries a bigger amount of money (way more than what I paid). This amount can be used to create an estate for my heirs, pay off personal loans….etc. This all explained in this link http://www.canadalife.com/003/Home/Products / LifeInsurance / TermInsurance / index. htm If you find it Haram, please explain why to help me understand. The target from this policy is to help my family in case of my death to be able to have minimal impact especially after the cut of my salary and to live in the same house, finish their education and so on. Do I have to pay Zakah for the yearly Contribution ? Note that, it is voluntarily to buy this insurance policy. 2-Buy (permanent life insurance) there are 2 kinds in the following link http://www.canadalife.com/003/Home/Products / LifeInsurance / PermanentInsurance/ index.htm Are they both Halal or Haram ? Note that it is voluntarily to buy this insurance policy. 3-In Cairo-Egypt we have a program in the engineers syndicate that you pay yearly amount of around 100 Egyptian pounds and if you die, your family gets thousands of pounds or if you retire as well. The amount the family gets depends on what age you die, it has a table. They call it ‘Takaful’ program in this link http://www.eea.org.eg/ I find this similar to the term life insurance in a way. Please tell me if this Haram or Halal ? Note that, it is voluntarily to buy this insurance policy or not. 4-Do I pay Zakah on my pension ? Payments are deducted from salary before it comes into the possession of the contributor in each pay stub. From the gross, the following is deducted : ‘Canada pension plan’ and ‘employee pension’. Both of these pensions are explained in the following links and they are not voluntarily. http://www.servicecanada.gc.ca/eng/isp/cpp/cpptoc.shtml http://pensionetavantages pensionandbenefits.gc.ca/accueil-home-eng.html The following links are saying to pay the Zakah for Pension. http://www.islamic relief.com/Zakah/zakdebt4.htm http://spa.qibla.com/issue_view.asp ? HD = 1 and ID = 2832 and ATE = 5 http://www.albalagh.net/qa/0049.shtml http://welcomeback.org/Zakah/instructions.shtml First I don’t know, if this is right in the Canadian pension or not ? How to calculate it ? I am not expert to explain the pension plan that is why I sent you the link explaining it but that is what I understand. Assume as example I pay $ 10,000 yearly in pensions, so second year it is 20K and third year it is 30K for 20 years and after retirement, I live 3 years, the government gave me monthly some money to be able to live assume they are 1K or 1.5K which is around 36K or 50K till I die. If I die after that, government pays for my family small amount of money and will not continue to pay for them as other countries doing. If I die before retirement, my family will get a little bit of all my contribution and that is all. It is also depends on my kid’s ages…etc. Should I pay Zakah for each year while I am contributing or wait till my retirement ? If I pay during the yearly contribution, who said that this amount will return back to me ? After retirement, assume my whole contribution are 20 years multiplied by $ 10,000 = $ 200,000. Do I pay Zakah for all that amount, while the government is giving me $ 1500 monthly after retirement ? How can I do that while the monthly amount is so little ? Although I gave the example of living only 3 years after retirement but I may live 20 years and get all my contributions back, if this happened, do I have to pay Zakah for the $ 200K. I know that if I am saving money and I have the ability to use it in the future, I have to pay its Zakah because even if I die, my family will have it all and if I live, I have full control of it but pension is not. Please advise to all. Jazak Allah Khair

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2013-02-27

التخصصات الرئيسية

الاقتصاد و التجارة
الدراسات الإسلامية

الموضوعات

• الفقه الإسلامي
• التكافل
• التأمين على الحياة

عدد الصفحات

3

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-729505

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