Working in insurance companies and as actuary : advertising interest based institutions and working in insurance

Fatawa Question

Assalamu Alaikum I have three questions. 1. Conventional Banks are offering prizes ranging from Cars and Houses to cash on a "Draw" to account Holders. Is it permitted to accept the prize if one is a recipient ? The Account maintained is not Riba generating (current Account) 2. Are media personnel (Announcers / TV Presenters) allowed to voice commercials or conduct sponsored programs for financial institutions that are not Shari’ah based. 3. Having worked in a conventional Insurance Company and having now shifted to Takaful, are my savings from the previous employer lawful ? This would include a vehicle purchased through a loan from the Company.

Fatwa

Click hereto view more

Publication Date

2001-04-16

Main Subjects

Financial and Accounting Sciences
Religion
Islamic Studies

Topics

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-724804

American Psychological Association (APA)

Qahf, Mundhir. 2001-04-16. Working in insurance companies and as actuary : advertising interest based institutions and working in insurance. .
https://search.emarefa.net/detail/BIM-724804

Modern Language Association (MLA)

Qahf, Mundhir. Working in insurance companies and as actuary : advertising interest based institutions and working in insurance. 2001-04-16.
https://search.emarefa.net/detail/BIM-724804

American Medical Association (AMA)

Qahf, Mundhir. 2001-04-16. Working in insurance companies and as actuary : advertising interest based institutions and working in insurance.
https://search.emarefa.net/detail/BIM-724804