Takaful : disability insurance

Fatawa Question

Assalamu Alaykum W Rahmatu Allah I'm a dentist in USA and I was offered a disability insurance, which means I will have a contract policy with this insurance company, and have to pay them an annual premium, to protect me in case of disability / accident, etc.., if la Kaddar Allah disability , they will pay me a monthly benefit till certain age, as a compensation. knowing that my job owner doesn't offer me any other benefits, I do carry a health insurance as it's almost a must in the united states or you will never be able to afford medical bills, also I carry home insurance and car insurance. Also, I have been reading a lot regarding my issue and one of the answers was saying that Insurance is Haram in Islam, and disability insurance is Haram as it's insuring something that might or might not happened, also on life insurance they said it's Haram as it put a price on your life. I know contradiction is "Rahmah", but also it's so confusing, could you please explain to me what's your "Sanad" for the insurance be Halal just for my heart to feel comfort Thank You for your understanding and patience. Please advice Thank you Assalamu Alaykum

Fatwa

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Publication Date

2011-09-21

Main Subjects

Economy and Commerce
Islamic Studies

Topics

• Islamic jurisprudence
• Insurance
• Helplessness
• Social insurance

No. of Pages

1

Data Type

Fatawa

Language

English

Record ID

BIM-729472

• APA
• MLA
• AMA