Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : mutual or cooperative insurance

Fatawa Question

What is the rule of Islam about taking shares of companies and organizations like ICCI. Please shed a light on my question. May Allah assemble us in his Jannatul-Firdaus. What is the Shari’ah rule about taking insurance ? We need to take this type of savings to get relief from tax. Please reply for this too.

Fatwa

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Publication Date

2002-04-14

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-724401

American Psychological Association (APA)

Qahf, Mundhir. 2002-04-14. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : mutual or cooperative insurance. .
https://search.emarefa.net/detail/BIM-724401

Modern Language Association (MLA)

Qahf, Mundhir. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : mutual or cooperative insurance. 2002-04-14.
https://search.emarefa.net/detail/BIM-724401

American Medical Association (AMA)

Qahf, Mundhir. 2002-04-14. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : mutual or cooperative insurance.
https://search.emarefa.net/detail/BIM-724401