Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance
Fatawa Question
Dear Shaikh Assalamu Alaikum Wa Rahmatullah Wa Barakatuh In fact I just started working at a financial company and a lot of things came to my concern, but mainly two things and they are as follow : 1. Is life insurance Halal or not ? If no but what is there to replace it ? 2. Is RESP (registered education savings plan) Halal ? Because a lot of people here in North America have problems paying for their education and they have no other choice than taking RESP or take loan for their college which they will have to pay interest on it ? But the question is the RESP companies invest the money that is given to them by the people who buy RESP's in something called bonds, so is it Halal or not. I appreciate your work brothers and I know you guys do a lot of Fatawa but if you would please put this one of your prior ones. Jazakumu Allah Khair Wassalam Alaikum Wa Rahmatullah Wa Barakatuh
Fatwa
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Publication Date
2002-02-11
Main Subjects
Economics & Business Administration
Financial and Accounting Sciences
Islamic Studies
Topics
No. of Pages
2
Data Type
Fatawa
Language
English
Record ID
BIM-724384
American Psychological Association (APA)
Qahf, Mundhir. 2002-02-11. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance. .
https://search.emarefa.net/detail/BIM-724384
Modern Language Association (MLA)
Qahf, Mundhir. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance. 2002-02-11.
https://search.emarefa.net/detail/BIM-724384
American Medical Association (AMA)
Qahf, Mundhir. 2002-02-11. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance.
https://search.emarefa.net/detail/BIM-724384
