Takaful : child insurance

Fatawa Question

Assalamu Alaykum, Q1. I am looking for a child insurance plan for my daughter. The plan details are I have to pay certain amount every year for couple of years then after maturity they will provide me double or 6-10 % extra than the amount which I have paid. They also provide death insurance in case if the father dies during the term. These people invest our money in all sorts of money market like shares, bonds, etc. I want to know is these money halal or do you have any idea about any insurance plans which are Halal ? Q2. My wife's have gold around 11 tolas and I have a debt of Rs. 2 lacs so I need to pay Zakah on the gold or how we can calculate Zakah ? I would be very much thankful if you can provide me the answers for these questions. May Allah bless you. Allah Hafiz. Thanks Syed

Fatwa

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Publication Date

2010-08-11

Main Subjects

Economy and Commerce
Islamic Studies

Topics

• Islamic jurisprudence
• Interdependence
• Life insurance

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-729429

• APA
• MLA
• AMA