Takaful : property insurance

Fatawa Question

Dearest Dr. Monzer, As-Salamu `Alaykum, We, in the Islamic center here in America, face a problem and a debate about having insurance for the Masjid. We do not have insurance for the Masjid and few weeks ago someone turned the fire on the back of the Masjid and burnt a big place of it. But we managed to stop the fire and put it down. So, some members of the board suggested that we have to get insurance on the Masjid, because if anyone gets hurt in it and sue a case against us in the court, he would win and we have to pay him thousands of dollars as we do not have insurance. It is even obligatory according to the law of some states to have insurance, but ours does not have this law till now. Some brothers objected on having insurance for the Masjid against fire or any crisis that may happen and we will not be able to afford on the claim that it is Haram or that if the company paid us more than the costs of fire damage it would be Haram too. Please what is the rule on this issue and can we get insurance or not and what is the Hukm if the company paid more than the costs and more than we paid for it ? Is it Riba ?

Fatwa

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Publication Date

2011-02-10

Main Subjects

Economy and Commerce
Islamic Studies

Topics

• Islamic jurisprudence
• Insurance
• Property

No. of Pages

2

Data Type

Fatawa

Language

English

Record ID

BIM-729455

• APA
• MLA
• AMA