Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance
Fatawa Question
What is the Islamic view on setting up a life cover contract in order to protect the welfare of my wife and children after my death ? In addition, inheritance tax is payable at the rate of 40 % on any assets above £ 250,000. For someone with an estate of £ 2 Million the tax bill would be £ 700,000. A life cover plan can be set up so that this bill is paid for from the proceeds of the life cover contract. Again, what would be the Islamic view on setting up such a contract ?
Fatwa
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Publication Date
2002-06-02
Main Subjects
Economics & Business Administration
Religion
Islamic Studies
Topics
No. of Pages
1
Data Type
Fatawa
Language
English
Record ID
BIM-724421
American Psychological Association (APA)
Qahf, Mundhir. 2002-06-02. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance. .
https://search.emarefa.net/detail/BIM-724421
Modern Language Association (MLA)
Qahf, Mundhir. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance. 2002-06-02.
https://search.emarefa.net/detail/BIM-724421
American Medical Association (AMA)
Qahf, Mundhir. 2002-06-02. Is insurance permissible ? Life, car, health, property, hazards, shipping, etc. : life insurance.
https://search.emarefa.net/detail/BIM-724421
